STOCK TITAN

Alkami Integrates Credential Stuffing Protection Into Its Digital Banking Platform

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Alkami Technology, Inc. (Nasdaq: ALKT) has integrated credential stuffing protection into its digital banking platform's challenge-response authentication process. This enhancement automatically checks for human behavior in the background without requiring visual puzzles or additional time, ensuring a seamless experience for legitimate users while improving security.

The integration is part of Alkami's layered approach to fraud detection and prevention in online banking, addressing the rising threat of credential stuffing in the financial services market. The solution is compliant with Web Content Accessibility Guidelines (WCAG) 2.1 Level AA, ensuring accessibility for all users, including those with disabilities.

Customers like Quontic Bank and Mountain America Credit Union have reported reduced potential fraudulent activities and improved security for their account holders without added complexity.

Alkami Technology, Inc. (Nasdaq: ALKT) ha integrato la protezione contro il credential stuffing nel processo di autentificazione challenge-response della sua piattaforma di digital banking. Questo miglioramento controlla automaticamente il comportamento umano in background senza richiedere puzzle visivi o tempo aggiuntivo, garantendo un'esperienza fluida per gli utenti legittimi e migliorando la sicurezza.

L'integrazione fa parte dell'approccio multilivello di Alkami per la rilevazione e prevenzione delle frodi nel settore bancario online, affrontando la crescente minaccia del credential stuffing nel mercato dei servizi finanziari. La soluzione è conforme alle Linee Guida per l'Accessibilità dei Contenuti Web (WCAG) 2.1 Livello AA, assicurando accessibilità a tutti gli utenti, comprese le persone con disabilità.

I clienti come Quontic Bank e Mountain America Credit Union hanno riportato una riduzione delle attività fraudolente potenziali e un miglioramento della sicurezza per i loro correntisti senza ulteriore complessità.

Alkami Technology, Inc. (Nasdaq: ALKT) ha integrado la protección contra el credential stuffing en el proceso de autenticación challenge-response de su plataforma de banca digital. Este mejoramiento verifica automáticamente el comportamiento humano en segundo plano sin requerir acertijos visuales o tiempo adicional, asegurando una experiencia fluida para los usuarios legítimos mientras mejora la seguridad.

La integración es parte del enfoque en capas de Alkami para la detección y prevención de fraudes en la banca en línea, abordando la creciente amenaza del credential stuffing en el mercado de servicios financieros. La solución es conforme a las Pautas de Accesibilidad para el Contenido Web (WCAG) 2.1 Nivel AA, asegurando la accesibilidad para todos los usuarios, incluidas las personas con discapacidades.

Clientes como Quontic Bank y Mountain America Credit Union han reportado una reducción de actividades fraudulentas potenciales y una mejora de la seguridad para sus titulares de cuentas sin complejidad adicional.

Alkami Technology, Inc. (Nasdaq: ALKT)는 디지털 뱅킹 플랫폼의 챌린지-응답 인증 프로세스에 자격 증명 절취 방지 기능을 통합했습니다. 이 업그레이드는 시각적 퍼즐이나 추가 시간을 요구하지 않고 백그라운드에서 자동으로 인간 행동을 확인하여 합법적인 사용자에게 원활한 경험을 보장하고 보안을 향상시킵니다.

이 통합은 온라인 뱅킹 분야에서 사기 탐지 및 방지를 위한 Alkami의 다층적 접근 방식의 일환으로, 금융 서비스 시장에서 자격 증명 절취의 증가하는 위협에 대응합니다. 이 솔루션은 웹 콘텐츠 접근성 가이드라인 (WCAG) 2.1 레벨 AA를 준수하여 장애인을 포함한 모든 사용자가 접근할 수 있도록 보장합니다.

Quontic Bank와 Mountain America Credit Union과 같은 고객들은 추가 복잡성 없이 계좌 보유자들의 잠재적 사기 활동이 감소하고 보안이 향상되었다고 보고했습니다.

Alkami Technology, Inc. (Nasdaq: ALKT) a intégré une protection contre le credential stuffing dans le processus d'authentification challenge-réponse de sa plateforme de banque numérique. Cette amélioration vérifie automatiquement le comportement humain en arrière-plan sans nécessiter d'énigmes visuelles ou de temps supplémentaire, garantissant une expérience fluide pour les utilisateurs légitimes tout en améliorant la sécurité.

L'intégration fait partie de l'approche en couches d'Alkami pour la détection et la prévention des fraudes dans le secteur bancaire en ligne, répondant à la menace croissante du credential stuffing sur le marché des services financiers. La solution est conforme aux Directives pour l'accessibilité des contenus Web (WCAG) 2.1 Niveau AA, assurant l'accessibilité pour tous les utilisateurs, y compris ceux en situation de handicap.

Des clients tels que Quontic Bank et Mountain America Credit Union ont signalé une réduction des activités frauduleuses potentielles et une amélioration de la sécurité pour leurs titulaires de compte, sans complexité supplémentaire.

Alkami Technology, Inc. (Nasdaq: ALKT) hat einen Schutz gegen Credential Stuffing in den Challenge-Response-Authentifizierungsprozess seiner digitalen Banking-Plattform integriert. Diese Verbesserung prüft automatisch das Verhalten von Menschen im Hintergrund, ohne visuelle Rätsel oder zusätzliche Zeit zu erfordern, was eine nahtlose Erfahrung für legitime Benutzer gewährleistet und gleichzeitig die Sicherheit erhöht.

Die Integration ist Teil von Alkamis mehrschichtigem Ansatz zur Betrugserkennung und -prävention im Online-Banking, um der wachsenden Bedrohung durch Credential Stuffing im Finanzdienstleistungsmarkt zu begegnen. Die Lösung entspricht den Web Content Accessibility Guidelines (WCAG) 2.1 Level AA und gewährleistet somit die Zugänglichkeit für alle Benutzer, einschließlich Menschen mit Behinderungen.

Kunden wie die Quontic Bank und die Mountain America Credit Union berichteten von einer Verringerung potenzieller betrügerischer Aktivitäten und einer verbesserten Sicherheit für ihre Kontoinhaber, ohne zusätzliche Komplexität.

Positive
  • Integration of credential stuffing protection into digital banking platform
  • Improved security without compromising user experience
  • Compliance with WCAG 2.1 Level AA accessibility guidelines
  • Positive feedback from customers reporting reduced fraudulent activities
Negative
  • None.

Alkami's integration of credential stuffing protection into its digital banking platform is a significant step forward in enhancing security for financial institutions. This move addresses a growing threat in the banking sector, as credential stuffing attacks have become increasingly sophisticated and frequent.

The key innovation here is the seamless implementation of this security feature. By automatically checking for human behavior in the background without requiring additional user input, Alkami has struck a balance between robust security and user experience. This approach is important in the competitive digital banking landscape, where user friction can lead to customer attrition.

However, while this is a positive development, it's important to note that credential stuffing is just one of many cybersecurity threats. Financial institutions should continue to invest in a multi-layered security approach to address evolving risks effectively.

Alkami's integration of credential stuffing protection represents a competitive advantage in the fintech space. By offering this feature as part of their standard solution, they're positioning themselves as a proactive partner for financial institutions in the ongoing battle against fraud.

The market implications are significant. Smaller banks and credit unions, which often lack the resources to develop such sophisticated security measures in-house, can now offer protection on par with larger institutions. This could lead to increased adoption of Alkami's platform, potentially driving revenue growth.

Moreover, the compliance with WCAG 2.1 Level AA guidelines demonstrates Alkami's commitment to accessibility, which is increasingly important in the digital banking sector. This comprehensive approach to both security and usability could strengthen Alkami's market position and customer retention rates.

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

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/alkami-integrates-credential-stuffing-protection-into-its-digital-banking-platform-302221598.html

SOURCE Alkami Technology, Inc.

FAQ

What new feature has Alkami (ALKT) integrated into its digital banking platform?

Alkami has integrated credential stuffing protection into its digital banking platform's challenge-response authentication process.

How does Alkami's (ALKT) new credential stuffing protection work?

It automatically checks for human behavior in the background without requiring visual puzzles or additional time, ensuring a seamless experience for legitimate users while improving security.

Is Alkami's (ALKT) new security feature compliant with accessibility guidelines?

Yes, the new feature is compliant with Web Content Accessibility Guidelines (WCAG) 2.1 Level AA, ensuring accessibility for all users, including those with disabilities.

What benefits have Alkami's (ALKT) customers reported from the new security feature?

Customers like Quontic Bank and Mountain America Credit Union have reported reduced potential fraudulent activities and improved security for their account holders without added complexity.

Alkami Technology, Inc.

NASDAQ:ALKT

ALKT Rankings

ALKT Latest News

ALKT Stock Data

2.93B
98.99M
32.05%
56.57%
1.6%
Software - Application
Services-prepackaged Software
Link
United States of America
PLANO