New Partnership Delivers Digital Banking Solutions to CUs

Urban FT, a white-label mobile banking and mobile check deposit services provider, and Fortress Plus, financial fraud prevention solutions supplier, partnered to co-market their services to credit unions and community banks.

New York City based Urban FT CEO Richard Steggall said, “Our agreement pulls together two key elements of what today’s smaller FIs need to combat the challenge of big banks and nonbanks—an easily implementable, cost-effective mobile banking solution offering exceptional UX and best-in-breed fraud prevention solutions that protect FIs from fraudsters who prey on them.”

“Richard and I, backed by our organizations, know that our clients are hungry for more than ‘just OK’ services, because ‘just OK’—especially in mobile banking and fraud prevention—doesn’t cut it any longer,” Wethersfield, Conn.-based Fortress Plus President Jeff Whelton added. “Both consumers and fraudsters are more sophisticated than ever, making the need for an exceptional mobile banking UX combined with advanced fraud protection mandatory.”

Whelton explained legacy systems trapped smaller financial institutions without the benefits a modern architecture provides. “By co-marketing, we bring our respective best-in-breed solutions to more financial institutions that need and deserve the advantages we offer—big bank-grade quality that’s accessible and affordable for financial institutions of any size.”

Urban FT offers a proprietary mobile banking made easy solution, created especially for community financial institutions, using information from existing servers to enable native smartphone apps to efficiently and securely display content from traditional websites—without new software, ports or processor integration.

Fortress Plus’s Rampart Intelligence Platform is a big data solution for community financial institutions. The platform includes behavior-based adaptive analytics that catch fraud regardless of payment type or channel. It also provides powerful tools for BSA/AML compliance, case management, reporting and regulatory filings.

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