Business Services Industry
Associated Banc-Corp Chooses Corillian's Strong Authentication Solution; Corillian Intelligent Authentication to Provide Customer-Friendly Security for Online Banking Customers
Business Wire, Sept 5, 2006
PORTLAND, Ore. -- Corillian Corp. (NASDAQ:CORI), the top provider of online banking, payment and security solutions to the financial services industry, today announced that Associated Banc-Corp, a $21 billion diversified bank holding company headquartered in Green Bay, Wis., has selected Corillian as its partner to provide a strong online authentication security solution for its retail online banking customers.
Associated will leverage Corillian Intelligent Authentication(TM) to supply an additional layer of security in order to protect customers' accounts and assets from online fraudulent access. This strong authentication solution validates the identities of online users by asking personally relevant challenge questions beyond a user name and password and will help Associated to comply with the recent FFIEC security guidance.
"With new security threats emerging daily, we need a progressive security solution that is highly adaptable and able to meet our customers' changing online banking needs," said Leonard Rowe, senior vice president and director of eBusiness for Associated Banc-Corp. "We knew that any strong authentication solution we chose to implement had to balance security with convenience for our customers. We chose Corillian Intelligent Authentication because it is a non-intrusive security measure that is virtually transparent and doesn't detract from the positive customer experience we have spent years developing. Corillian's real-world online banking experience and dedication to security has made them the ideal partner to help protect the identity and assets of our customers."
Corillian Intelligent Authentication is a customer-friendly and highly successful security measure that interprets the information transmitted from the user's computer to the bank's Web site, looking for a pattern of online banking behavior. The solution analyzes these interactions and determines when to challenge uncharacteristic or unusual actions in order to prevent unauthorized activity.
"Corillian Intelligent Authentication was designed with a deep understanding of and commitment to security. But more importantly, we recognize that in order to be effective, a security solution has to help financial institutions gain the acceptance, engagement and participation of their customer base," said Greg Hughes, chief security executive of Corillian. "We used our experience and best practices to develop a strong authentication solution that not only gains the confidence of financial institutions and their customers today, but is flexible enough to grow with the expanding authentication needs in the market in the future. We are excited to partner with Associated Banc-Corp to provide their customers with this extra layer of protection."
About Associated Banc-Corp
Associated Banc-Corp, headquartered in Green Bay, Wis., is a diversified bank holding company with total assets of $21 billion. Associated has more than 320 banking offices serving more than 180 communities in Wisconsin, Illinois, and Minnesota. The company offers a full range of traditional banking services and a variety of other financial products and services. More information about Associated Banc-Corp is available at www.AssociatedBank.com.
About Corillian Corporation
Corillian is the market leader of online banking, payment and security solutions to the financial services industry. With 29 of the top 100 U.S. banks and 21 of the top 100 U.S. credit unions as customers, Corillian serves over 30 million online banking end users. Corillian provides the most flexible, scalable and secure set of online banking applications across multiple lines of business, integrating best-practice functionality developed for some of the most innovative financial institutions in the world. Corillian features integrated applications across Consumer Banking, Small Business Banking, Wealth Management, Credit Card Management, and Corporate Cash Management, as well as enterprise wide solutions, including Fraud Detection, Payments Warehouse, Alerts, eStatements, and OFX. Corillian's fraud prevention solutions use Preemptive Forensics(TM) to protect Web sites from phishers, hackers, and fraudsters. Corillian's strong authentication solution provides a low-cost solution for multi-factor authentication while maintaining high user satisfaction. Empowered by Corillian solutions, some of the world's most visionary financial institutions provide their customers with the tools to manage their finances more effectively and securely. For more information about Corillian Corporation, visit the company's Web site at http://www.corillian.com.
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