ATLANTA -- Covelight Systems, the innovator of real-time, application-independent online management solutions, and Digital Resolve, the authority in transparent, risk-based authentication, today announced they have entered into a strategic alliance to provide financial services institutions with the industrys most non-intrusive solution for real-time fraud detection and user authentication.
This highly-scalable, integrated solution combines Covelights Inflight online monitoring solution, based on Covelights revolutionary Capture-Transform-Feed (CTF) architecture, with Digital Resolves Fraud Analyst risk-based authentication platform to deliver the most in-depth, yet non-intrusive, solution for real-time fraud detection and user authentication. The solution provides superior visibility into users online activities through the combination of continuous session monitoring with user behavior profiling. With this combined approach, financial services organizations will have a crystal clear picture of both current and previous online user behavior, enabling the highest level of fraud prevention for online transactions. Furthermore, both solutions protect at every online touchpoint from new account opening to customer logins to online transactions allowing financial services organizations to protect their online channel throughout the customer lifecycle. The combined solution offers other benefits including:
- Proven, enterprise-wide threat detection capabilities in real-time
- Preservation of the normal user experience
- Non-invasive deployment as no cookies, page tags, software scripts or downloads are required
- Rapid deployment can be installed in days, not months
- Streamlined integration with no dependence on applications or APIs to provide transaction activity
- Significant reduction of false positives in the user authentication process
Financial institutions have been asking us how they can leverage our non-intrusive, real-time session monitoring capabilities to help secure their online channel, with the least impact on customer experience, said Spencer Snedecor, CEO, Covelight Systems. In Digital Resolve, we have found an excellent partner to deliver our solution to this market. They bring tremendous technology and financial service expertise and share our belief that a non-intrusive approach to authentication and fraud management is what banks and consumers expect.