Glastonbury, Connecticut – (The Hosting News) – January 26, 2007 – Web host and integrated enabling financial technologies firm, Open Solutions Inc., will enhance security for its financial institution clients’ banking applications, through its affiliation with the RSA Adaptive Authentication for Web solution.
The solution from RSA, The Security Division of EMC forms part of RSA’s mission to keep information secure wherever it is, whenever it’s accessed.
Mike Nicastro, SVP and CMO for Open Solutions remarked, ”We were looking for an additional way to provide our clients and their end users with stronger security that both fit their specific needs and meets recent regulatory requirements. We believe RSA Adaptive Authentication for Web is such a solution we have found it to be a flexible option that can satisfy our clients’ needs and can be deployed quickly at a reasonable price. In addition to our Internet banking clients, it’s particularly advantageous for our HSA clients because it will be integrated as part of our HSA solution and will offer a much higher level of security for online HSA enrollment and banking.
RSA Adaptive Authentication for Web’s risk-based authentication module is built to analyze various risk parameters, such as IP address, device specifications and user behavior profiles. The system then generates a comprehensive risk and authentication score for every logon conducted. Low-risk logons proceed uninterrupted, while logons with a high risk score are verified with an additional layer of security, such as secret questions followed by an optional automated phone call. RSA’s field-tested risk-based authentication technology is engineered to allow the vast majority of logons to be successfully completed without interruption providing enhanced security with minimal impact on the user experience.
Christopher Young, Vice President and General Manager, Consumer Solutions at RSA added ”We are delighted that a major financial services provider like Open Solutions has selected RSA to provide further security options for its clients. As part of their ongoing efforts to ensure that their organizations, clients and data are secure, financial institutions must take action to protect their customer accounts while keeping usability, convenience and cost in mind. Open Solutions’ clients can now benefit from our market-leading experience, proven technology and strong emphasis on providing a simple, secure and consistent user experience.
Through this agreement, Open Solutions’ clients will also have the opportunity to become members of the RSA eFraudNetworkSM community, one of the world’s largest and most effective cross-bank anti-fraud networks. With more than 50 large financial institutions and a multitude of smaller ones on the network, Open Solutions’ clients will benefit from some of the best, most up-to-date intelligence from across the globe, providing instantaneous information and immediate protection from emerging threats.
RSA, The Security Division of EMC, is an information-centric security firm, designed to enable the protection of information throughout its lifecycle. RSA enables customers to cost-effectively secure critical information assets and online identities wherever they live and at every step of the way, and manage security information and events to ease the burden of compliance. RSA offers industry-leading solutions in identity assurance and access control, encryption and key management, compliance and security information management and fraud protection. These solutions bring trust to millions of user identities, the transactions that they perform, and the data that is generated.
RSA and eFraudNetwork are either registered trademarks or trademarks of RSA Security Inc. in the United States and/or other countries. EMC is a registered trademark of EMC Corporation. All other products or services mentioned are trademarks of their respective companies.
Open Solutions Inc. offers a fully featured product platform designed to integrate core data processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting tools, imaging, digital documents, Check 21, interactive voice response, network services, web hosting and design, and payment and loan origination solutions. Open Solutions’ full suite of products and services allows banks, thrifts, credit unions and financial services providers in the United States and Canada to better compete in today’s aggressive financial services marketplace, and expand and tap their trusted financial relationships, client affinity, community presence and personalized service.
For more information about RSA, please visit www.rsa.com.
To learn more about Open Solutions, please visit: www.opensolutions.com.