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Sandstone Technology Signs Agreement with RSA to Provide Enhanced Consumer Protection for its Financial Services Customers

  • 27 March, 2007 11:52

<p>RSA, The Security Division of EMC, (NYSE: EMC) announced it has entered into a strategic partnership as a Value Added Reseller (VAR) with Sandstone Technology, a leading developer and integrator of specialised software, services and solutions for the banking and financial services markets. The strategic partnership will help financial services providers to accelerate their business through strengthened online security and enhanced consumer confidence in the Internet channel.</p>
<p>RSA will integrate its technology with Sandstone’s solutions within the banking and finance sectors. The first joint project is with a top ten Australian Bank where Sandstone will build the software to integrate with RSA® Transaction Monitoring solution. This will then progress towards the RSA® Adaptive Authentication solution.</p>
<p>“Our solutions are designed to be convenient, scalable and cost-effective while giving institutions a solid tool with which they can protect their customers' assets, identities and information. Through this strategic partnership Sandstone customers will receive strong online fraud protection in the market today delivered through a trusted, local provider. Banks will also join the RSA® eFraudNetwork™ community. This is the industry's most effective cross-institution, cross-platform online anti-fraud network dedicated to sharing and disseminating information on fraudulent activity. By engaging locally with the channel managers in the banks, both parties take the sales message to market” said Geoff Noble, RSA Banking and Finance Specialist.</p>
<p>“We are committed to providing best-of-best solutions,” said Steve Kunkler, Sandstone’s General Manager, Internet Banking Solutions. “RSA Transaction Monitoring and RSA Adaptive Authentication solutions complement our leading direct banking solutions by creating a comprehensive authentication platform that provides cost-effective protection for an entire end user base.”</p>
<p>The RSA Transaction Monitoring system is engineered to give financial institutions the state-of-the-art tools and data they need to assess online banking transactions and take appropriate action in real-time, using the sophisticated RSA Risk Engine. Based on the risk score of each transaction, the financial institution can use the detailed case management application inherent in the RSA Transaction Monitoring system and their own business rules to determine the appropriate course of action, such as conducting a manual review and seeking further identification of the user, or blocking the transaction outright.</p>
<p>RSA Adaptive Authentication includes RSA’s proven risk-based authentication technology that is engineered to analyze all online banking transactions in real-time and calculate a risk-score for each. Using the risk score, the solution is designed to automatically implement strong authentication methods, such as secret questions or an automated ‘out-of-band’ phone call in real time, for high-risk transactions while low-risk transactions are seamlessly approved and securely processed with no hindrance to the customer.</p>
<p>Note to Editor</p>
<p>Should you require any further information or would like to set up an interview with Steve Kunkler from Sandstone Technology or Geoff Noble, RSA please contact Sarah on 02 9212 3848 or sarah@kinetics.com.au</p>
<p>About RSA</p>
<p>RSA, The Security Division of EMC, is the premier provider of security solutions for business acceleration, helping the world’s leading organizations succeed by solving their most complex and sensitive security challenges. RSA’s information-centric approach to security guards the integrity and confidentiality of information throughout its lifecycle – no matter where it moves, who accesses it or how it is used.</p>
<p>RSA offers industry-leading solutions in identity assurance &amp; access control, encryption &amp; key management, compliance &amp; security information management and fraud protection. These solutions bring trust to millions of user identities, the transactions that they perform, and the data that is generated. For more information, please visit www.RSA.com and www.EMC.com</p>
<p>About Sandstone Technology</p>
<p>Sandstone Technology Pty Ltd is based in Sydney and has operated in Australia and New Zealand since 1996. The company employs over 100 people focused on product development, project implementation and customer service in Australia, New Zealand, Asia and the UK.</p>
<p>Sandstone supplies secure, mission-critical systems and services to major financial institutions. The company’s core products are front-end Internet banking and lending systems providing fast, secure and reliable processing of new business applications and customer service requests.</p>
<p>Clients are blue-chip financial institutions, including ANZ, Westpac, Bank of Queensland, Rabobank, Adelaide Bank, Credit Union of Australia, GIO and Scarborough Building Society (UK).</p>
<p>For more information on Sandstone Technology, please visit www.sandstone.com.au.
RSA and eFraudNetwork are either registered trademarks or trademarks of RSA Security Inc. in the United States and/or other countries. EMC is a registered trademark of EMC Corporation. All other products and/or services mentioned are trademarks of their respective companies.</p>

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