Financial institution security solutions company Jack Henry and NuData Security have formed a partnership to provide all of Jack Henry’s Banno digital platform users access to its passive biometrics and behavioral analytics technology.
This security push comes at the heels of 7,098 data breaches that exposed over 15 billion user credentials (RiskBased Security). The stolen credentials and personally identifiable information are available on the Dark Web for schemes such as account takeover and credential stuffing attacks.
“Cybercrime is more sophisticated than ever and the costs are mounting,” said Greg Adelson, COO, Jack Henry. “With more people moving to digital as their primary point of contact, it’s essential that financial institutions serve them in a way that protects their identity, assets, and loyalty. We’ve found an approach to achieve that balance through behavioral intelligence powered by NuData.”
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Jack Henry is an S&P 500 company that serves approximately 9,000 enterprise clients nationwide through three divisions: Jack Henry Banking supports banks ranging from community banks to multi-billion-dollar institutions, Symitar provides industry-leading solutions to credit unions of all sizes, and ProfitStars offers highly specialized solutions to financial institutions of every asset size, as well as diverse corporate entities outside of the financial services industry. NuData’s solution enhances the Banno Digital Platform.
Financial institutions
“This partnership is a great opportunity to help financial institutions protect customers using advanced technologies that don’t impact the user experience,” said Michelle Hafner, senior vice president of NuData Security. “Ultimately, this is about responding to what matters most to banks and credit unions: protecting their customer and member relationships.”
A recent winner of NAFCU’s ( (National Association of Federally-Insured Credit Unions) Innovation Award, NuData’s work in the financial space aims to help institutions keep their environments protected from evolving threats while providing good user experience to the customer. NAFCU’s Innovation Award honors NuData’s transformational and valuable contributions to the credit union industry.
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