MADISON, Wis. - (10/26/05) -- UW CU said Tuesday it will becomethe first financial institution to deploy Corillian IntelligentAuthentication, a two-factor online user identification solution.The new system is designed to comply with the new federalregulatory directive that all credit unions and banks implementtwo-factor authentication for online transactions by the end of2006. The system builds a history of access signatures forindividual users by automatically collecting and validatinginformation about each user's computer and method of Internet siteaccess, leveraging a variety of identification points including IPaddress, Internet service provider, PC and browser settings, timeof day and geographic location.
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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