Q2ebankings online banking .Net single platform service provides consumer and commercial banking functionality and includes built-in security features such as multi-factor authentication (MFA), alerts and out-of-band transaction authentication.
As part of the deal, Farmington Bank will also deploy Q2ebankings Risk and Fraud Analytics (RFA) service, providing an additional layer of account level protection by monitoring both transactional and behavioural activity to identify potentially fraudulent activity.
Q2 is able to detect and flag potentially fraudulent transactions while updating the algorithms of its platform. The company’s security suite also includes out-of-band transaction authentication, security alerts, multi-factor authentication (MFA) and VeriSign tokens to protect both consumer and commercial transactions. In recent news, Q2 has entered a partnership with security services provider Trusteer to add an additional layer of security to the Q2ebanking platform.
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