Fieldpoint Private Bank & Trust selects Arcot A-OK On-Demand Cloud authentication service to protect its clients when banking online
Arcot solution provides increased security without impacting client online experience
Sunnyvale, CA and Greenwich, CT — October 27, 2009 — Arcot Systems, Inc., the cloud authentication leader, today announced that Fieldpoint Private Bank & Trust has chosen the Arcot A-OK™ versatile authentication service to provide an additional layer of security for its Members’ only web site and secure online banking. The Arcot A-OK Service currently protects over 30 million business and consumer users worldwide.
Fieldpoint Private Bank & Trust differentiates itself through its Member-centric philosophy and the customized service provided to their ultra high net worth clientele. Security was of the utmost importance for their Members. As a result, they chose the Arcot A-OK service to protect their Members when accessing their Member site and online services. Once Members login, online banking, statement rendering and other applications within the site are accessed without additional IDs and passwords. This integrated Member experience is what’s missing at the large institutional banks; however Fieldpoint Private feels it is the future of Private Banking.
To enhance online security, Fieldpoint Private was looking for a safe web presence for their Members and required two-factor authentication to protect online interactions, communication and account activity with the bank. It was also important to Fieldpoint Private to provide this level of security without the use of hardware tokens which would be awkward to distribute, are clumsy to use, interfere with the user online experience and are easily lost or forgotten.
"Member information security is a top priority for us at Fieldpoint Private," said Joe Larizza, Chief Administrative Officer, Fieldpoint Private Bank & Trust. "We want our Members to have a seamless, integrated web site and account transaction experience that is safe and easy to use, and simple for us to administer. In addition, we wanted to use a two-factor authentication solution that complies with FFIEC guidelines but didn’t want to force our customers to use hardware tokens. The Arcot A-OK service met those requirements and allowed us to implement strong, two-factor authentication without having to install an authentication infrastructure on-premise."
The ArcotID secure software credential provides two-factor authentication while maintaining a simple online experience for Fieldpoint Private’s Members. In addition, the Arcot solution provides self-service enrollment and FYP (forgot-your-password) processes and has easy-to-use roaming capabilities.
Joe Larizza, continued, "Fieldpoint Private prides itself on selecting best of breed products, services and technology for each aspect of its operations. We have chosen the Arcot A-OK solution because of their nearly 10 years experience providing this authentication-as-a-service and because their data center meets the highest security standards. Fieldpoint Private can now provide all the benefits of multifactor authentication to our Members without having to build out our internal IT infrastructure."
"Cloud computing for fraud detection and strong authentication is a significant area of growth for Arcot" said Carol Alexander, VP Marketing, Arcot Systems, Inc. ". Our customers can feel comfortable that their information is privacy-protected and secure in our SAS 70 certified, PCI DSS-compliant data center that employs highly-scalable, configurable level 4 SaaS architecture. A-OK gives Fieldpoint Private the ability to enhance the security of its Members’ transactions without changing the user experience."
The Arcot A-OK versatile authentication service helps all Arcot customers reduce their risk profile and meet their regulatory and compliance requirements while keeping their costs under control.
To learn more about the versatile authentication products from Arcot, please visit http://www.arcot.com
About Fieldpoint Private Bank & Trust
Fieldpoint Private Bank & Trust clients enjoy privileged access to a unique combination of customized private banking, highly responsive business banking & boutique investment management. Fieldpoint Private is a new breed of institution established on the basis of personalization and exclusivity offering a Member experience crafted to each client’s personal needs. To find out more please visit http://www.fieldpointprivate.com.
About Arcot
Arcot is the Cloud Authentication Leader. Our solutions make Web transactions and online access safe for millions of consumer, enterprise, and e-Commerce users. Organizations can transparently protect their users from fraud without requiring expensive hardware. Arcot fraud prevention, strong authentication, and e-Document security solutions can be deployed with SaaS, internal or mobile applications delivering the right balance of cost, convenience and strength.
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