BEDFORD, Mss. - (12/06/05) -- RSA Security Inc. announced Mondayit has agreed to acquire Cyota, Inc., a privately held NewYork-based start-up that provides online security and anti-phishingsolutions for credit unions and other businesses. The totalpurchase price is $145 million. RSA said the deal will allow it tobecome the first to market with a risk-based online authenticationapproach. This approach will allow customers to choose from a rangeof authentication techniques--from life questions, watermarking andanomaly detection to digital certificates, tokens and smartcards--depending on the risks posed and the desiredconvenience.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3