Product integration provides an enhanced
digital banking user experience and improved security
PLANO,
Texas, Aug. 14, 2024 /PRNewswire/ -- Alkami
Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based
digital banking solutions provider for financial institutions
in the U.S., announced the implementation of its credential
stuffing protection into its digital banking platform
challenge-response authentication process. This feature
automatically checks for human behavior in the background, without
requiring visual puzzles or additional time spent, ensuring a
seamless interaction for legitimate users.
"This enhancement in Alkami's platform has given us the ability
to provide an additional layer of security for our account holders.
The secure and seamless login experience has contributed to
reducing potential fraudulent activities, offering our customers
greater peace of mind without added complexity," said Grace Pace, senior vice president/digital bank
at Quontic Bank. "Alkami has been a valued partner in helping us
address security and compliance challenges. We trust that their
innovative solutions will continue to support our efforts to
protect our account holders from emerging security threats."
This integration is the latest in Alkami's layered approach to
fraud detection and prevention in online banking.
Given the fluidity of risk in the financial services market,
including a rise in credential stuffing, financial institutions
must incorporate organization-wide strategies to solve for known
and emerging fraud threats. Banks and credit unions
need to partner with a digital banking provider that continues to
innovate and be proactive in mitigating fraud.
"Alkami continues to evolve its platform as the security threats
change for our customers, and we're proud to integrate credential
stuffing protection as part of our standard solution for everyone,"
said Brad Cranford, director,
product management at Alkami. "Our goal is to help our customers
manage security while providing the best experiences for their
account holders."
These changes are compliant with Web Content Accessibility
Guidelines (WCAG) 2.1 Level AA, ensuring accessibility and
usability for all users, including those with disabilities.
"Since enabling these features, Mountain America Credit Union
(MACU) has significantly reduced credential stuffing attacks and
greatly improved the security of our platform and our members'
login experience. Most logins are automatically validated,
requiring no additional input from our members, while the remainder
can be easily validated with a single action," said James Hilton, vice president of product
management at MACU.
To learn more about Alkami's Fraud Prevention
Solutions, visit here.
Alkami has been certified by J.D. Power for providing "An
Outstanding Mobile Banking Platform Experience."*
About Alkami
Alkami Technology, Inc. is a leading
cloud-based digital banking solutions provider for financial
institutions in the United States
that enables clients to grow confidently, adapt quickly, and build
thriving digital communities. Alkami helps clients transform
through retail and commercial banking, digital account opening, and
data and marketing solutions. To learn more, visit
www.alkami.com.
*J.D. Power 2024 Mobile App Platform Certification
ProgramSM recognition is based on successful completion
of an audit and exceeding a customer experience benchmark through a
survey of recent servicing interactions. For more information,
visit
www.jdpower.com/business/awards.
Media Relations Contacts
Vested
alkami@fullyvested.com
Marla Pieton
marla.pieton@alkami.com
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SOURCE Alkami Technology, Inc.
