Quova, Inc., the world's leading provider and developer of Web geography services and technologies, announced today that the EverBank National Banking Group, the online banking division of EverBank, has chosen Quova's GeoPoint for geolocation data that will enhance risk assessment of online applications.
EverBank, the largest privately held branchless banking offering in the United States with over $2 billion in deposits, allows customers to apply online for business and personal checking accounts, credit cards, brokerage accounts, IRAs and certificates of deposit. EverBank is deploying GeoPoint to instantly determine the true geographic location of each online applicant, data that is compared to the address provided by the customer to flag potentially fraudulent applications.
"We are constantly in the market for products and technologies that can contribute to our risk assessment process, and geolocation is clearly of great value in verifying a customer's identity and flagging potential fraud," said Gil Danieli, VP of Technology for the EverBank National Banking Group. "We chose Quova for the superior quality of their data, ease of use and some extraordinarily strong recommendations from their existing banking customers."
"The financial services industry offers a tremendous growth opportunity for Quova in light of the highly-publicized fraud issues in online banking," said Marie Alexander, president and CEO of Quova. "Our partnership with EverBank exemplifies the customer authentication capabilities of our solutions and expands our rapidly growing impact on the Internet banking industry."