Alkami Enhances Digital Banking Platform with Credential Stuffing Protection
Date – 14-Aug-2024
The new product integration enhances digital banking user experience and boosts security.
Alkami Technology, Inc., a leading provider of cloud-based digital banking solutions in the U.S., has announced the integration of credential stuffing protection into its digital banking platform. This new feature enhances security by implementing a challenge-response authentication process that operates invisibly in the background. It detects human behavior without requiring visual puzzles or additional steps from users, ensuring a seamless experience for legitimate account holders.
Grace Pace, Senior Vice President of Digital Bank at Quontic Bank, noted, “This upgrade has added a crucial layer of security for our account holders. The improved login experience reduces the risk of fraud and enhances customer confidence, all while avoiding additional complexity. Alkami has been instrumental in helping us tackle security and compliance challenges, and we trust their innovative solutions to keep our account holders safe from emerging threats.”
This integration is part of Alkami’s comprehensive approach to fraud detection and prevention in online banking. With the rise in credential stuffing and other security threats, financial institutions must adopt robust, organization-wide strategies to combat fraud. Partnering with a forward-thinking digital banking provider is essential for addressing both current and future security challenges.
Brad Cranford, Director of Product Management at Alkami, commented, “As security threats evolve, so does our platform. We’re proud to include credential stuffing protection as a standard feature, aiming to help our customers enhance security while delivering exceptional user experiences.”
The new feature complies with Web Content Accessibility Guidelines (WCAG) 2.1 Level AA, ensuring that the platform remains accessible and user-friendly for all individuals, including those with disabilities.
James Hilton, Vice President of Product Management at Mountain America Credit Union (MACU), shared, “Since implementing these features, we’ve seen a significant reduction in credential stuffing attacks and a notable improvement in our platform’s security. Most logins are automatically validated, requiring no extra action from our members, and those that need further validation can be confirmed with just one simple step.”
