Urban FT and Fortress Plus to co-market digital banking
Urban FT and Connecticut-based Fortress Plus have teamed up to add digital banking services and fraud protection for community banks and credit unions in the US, reports David Penn at Finovate (FinTech Futures’ sister company).
Fortress Plus’s Rampart Intelligence Platform uses big data and behaviour-based adaptive analytics to monitor and identify fraud in different channels and among different payment types.
Urban FT provides a mobile banking solution that enables community banks to leverage proprietary technology to display information from traditional websites into their mobile websites and banking apps.
Urban FT CEO Richard Steggall says: “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.”
Founded in 2013, New York-based Urban FT acquired mobile banking technology company iParse in July of last year. In April, Urban FT partnered with technology service provider T-Cetra to make it easier for customers to top-up prepaid wireless service.