AudioTel Corporation, a leading provider of software for financial institutions, today announced it has selected Bharosa, Inc., a global provider of secure multifactor authentication solutions, to supply the software that will power the company's strong authentication solution for online banking.
AudioTel plans to launch the new solution to all of its customers in the third quarter of 2006. This will enable financial institutions to upgrade their online security ahead of the FFIEC deadline. It will also provide these institutions with the highest quality, affordable technology available in the marketplace to combat a rash of online security threats. "It is AudioTel's mission to deliver state-of-the-art technology to our customers", said Brian Leopold, CTO of AudioTel. "We found in Bharosa a solution that is not only more robust than other available online security products, but also that is better equipped to satisfy the diverse needs of our customer base."
The solution will offer strong second and third-factor online security, available as part of AudioTel's TeleWeb Online Banking platform. AudioTel will integrate Bharosa's Authenticator and Tracker products, which are already licensed to leading financial institutions and more than 10 million users in 64 countries worldwide. "We are pleased to have been selected by AudioTel," said Jon Fisher, CEO of Bharosa, "and to be able to extend our solutions, which have gained traction among some of the world's most discerning financial services firms, to AudioTel's customer base of more than 1,000 financial institutions."