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Singapore and Bangalore/India. February 16, 2010.
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ReadiMinds is pleased to announce a new innovative transaction security solution for online banking and securities trading systems: single solution that protects against phishing/pharming attacks and identity theft frauds. This innovative software solution is significantly more secured and convenient, and highly cost-effective, compared to what is available in the global market today.
This completely hassle-free "software" solution, provides "Software 2FA" for identity protection, and "Site Authentication" for protection against phishing/pharming attacks.
This means financial institutions need not settle only for identity protection, as the case will be if using traditional 2FA methods like hardware token; and remain open to phishing/pharming attacks or opt for a separate solution at a considerable extra cost.
And if the bank or the securities/brokerage house has already opted for hardware token or any other form of 2FA, they could still add more security layers - by implementing ReadiONE for cross-channel fraud prevention.
And as transaction volumes and security challenges grow across various online channels, financial institution can opt for additional security layers on ReadiONE [a financial crime, risk & compliance management software suite] - allowing them to protect their investment while strengthening multi-layered security.
In addition, ReadiONE offers complete financial crime investigation system - including alert management, forensics, dashboards, reporting, audit trails and case management.
And to buy this solution, financial institutions need NOT make a major capital commitment - ReadiONE solution is available on transaction/usage based pricing - billed monthly. Both onsite and hosted implementation options are available.
In summary, ReadiONE is a complete peace-of-mind, multi-layered, transaction security & online financial fraud prevention solution - for now and in the future - for all online transaction platforms!
And it is being delivered by multi-award winning, emerging global leader in financial crime, risk, and compliance management software - a Red Herring Global Top 100 Award Winning Company!
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Background Information for Editorial Staff:
As is well known, two of the biggest transaction security challenges to online banking and online securities trading are phishing/pharming attacks and identity theft frauds.
And one of the most popular and ever increasing method to steal online identity is phishing/pharming. DNS hacking/poisioning technique is also gaining increasing popularity in phishing/pharming attacks. This has serious implication on corporate brand and customer confidence/loyalty.
This brings home the importance of not only protecting customer identity using stronger user authenticaton [2FA], but also opting for protection against the phishing/pharming attacks.
One of the most traditional and common method of stronger user authentication, namely hardware tokens as 2FA, provide only the identity protection - and they are highly inconvenient to carry around and very costly to manage due to the cost of time synchronous server and distribution management.
ReadiMinds is now announcing an innovative, highly cost-effective and hassle-free "software" solution, providing combination of "Software 2FA" for identity protection, and "Site Authentication" for protection against phishing/pharming attacks. This "integrated" solution is significantly more secured and convenient, and highly cost-effective compared to traditional 2FA methods like hardware token.
And as financial institution's security challenges grow over the period, ReadiONE provides additional layers of security - consisting of cross-channel fraud detection & false positive reduction, and risk-based transaction authorization.
About ReadiMinds
ReadiMinds is a specialist, new generation emerging leader in financial crime, risk & compliance management software, for the BFSI industry. We are headquartered in Singapore, with substantial presence in Bangalore, India.
ReadiMinds is a Red Herring Global Top 100 Award Winning Company. ReadiMinds is also proud to be included and extensively covered in a book titled "Innovative Singapore Companies" [Publisher: IE, Singapore]. ReadiMinds has also received "CRN Test Centre Recommended" rating.
ReadiONE: Right-Time Response System is the result of over 6 years of R&D, and is targeted for emerging new class of applications that require "Right-Time Response" to Prevent Losses and Maximize Opportunities.
In addition to marketing ReadiONE Software Suite & ReadiScore, ReadiMinds also selectively provides its product modules for white labelling/OEM basis to ISVs.
ReadiMinds serves its clientele from strategically located offices and business partners. ReadiMinds can be contacted at: Contact@ReadiMinds.com
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