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Jack Henry Helps Banks and Credit Unions Manage Risk While Optimizing the Digital Experience with NuData Security's Behavioral Technology
- Partnership with NuData Security, a Mastercard company, provides a passive-biometrics and behavioral-analytics solution integrated seamlessly into the Banno Digital Platform;
- Financial institutions gain access to the world's largest behavioral network; and
- Fraud can be reduced without causing unnecessary friction for digital banking end users.
As banks and credit unions move toward a more digital experience, it is increasingly critical to minimize risk by accurately identifying real end users from fraudulent ones. The Banno Digital Platform now features behavioral technology to identify high-risk users in real-time during login. This technology, powered by NuData Security, is available to any financial institution leveraging the Banno Digital Platform, regardless of other card brand affiliations.
By addressing account-specific threats without creating end user friction, financial institutions can provide a better experience while reducing operational costs. The technology blends enhanced device recognition technology with behavioral analytics, passive biometrics, and a cloud-based trust consortium. NuData Security analyzed 650 billion behavioral data points in 2019 alone, providing some of the world's biggest brands with the intelligence to verify users before fraud occurs. It leverages machine learning to consistently update modules, signals, and rules with its billions of analyzed data points, blocking over 99% of automated credential-testing and account-takeover attempts. The results help prevent account takeover, credential stuffing, transaction fraud, application fraud, among other threats, and more importantly, increase valid users' trust and confidence.
NuData Security is a Mastercard company. It helps businesses identify users based on their online interactions and stops all forms of automated fraud. By analyzing over 650 billion behavioral events only in 2019, NuData harnesses the power of behavioral analytics and passive biometrics, enabling its clients to identify the human behind the device accurately. This allows clients to verify users before a critical decision, block account takeover, stop automated attacks, and reduce customer insult. NuData's solutions are used by some of the biggest brands in the world to prevent fraud while offering a great customer experience.
Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company's financial results, are included in its
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Analyst Contact: Kevin D. Williams, Chief Financial Officer, (417) 235-6652 Press Contact: Dennis Jones, Senior Marketing Manager, (704) 737-8365