Press Release

Fi-Tek Selects RSA to Help Meet Multi-Factor Authentication Compliance Requirements

RSA® Adaptive Authentication from EMC’s Security Division Enables Fi-Tek TrustPortal™ Customers to Meet U.S. Identity Protection Mandates to Prevent Online Theft

BEDFORD, MA., November 24, 2009 - 

RSA, The Security Division of EMC (NYSE: EMC), announced that Fi-Tek, LLC has deployed the RSA® Adaptive Authentication platform to enable TrustPortal™ online wealth management customers to meet U.S. Office of the Comptroller of the Currency (OCC) compliance mandates that require strong authentication to help prevent identity theft. The OCC charters, regulates, and supervises all national banks and also supervises the federal branches and agencies of foreign banks.

TrustPortal™ is Fi-Tek's flagship hosted solution for fully-integrated wealth management, providing a suite of products to more than 135 financial services institutions that collectively hold more than $100 billion in combined trust assets. RSA Adaptive Authentication replaces an in-house user name and strong password solution with necessary multi-factor authentication controls to protect Fi-Tek customers from online fraud.

"In addition to meeting OCC compliance, choosing RSA Adaptive Authentication above our own developed solution has enabled us to focus on our core business – further developing the TrustPortal™ for the benefit of our customers," said Ramsey El-Fakir, CIO at Fi-Tek. "What's more, it enables our customers to reassure their customers that their wealth management solutions are compliant with industry regulations. Without multi-factor authentication many of them would be unable to continue offering these critical services."

RSA Adaptive Authentication provides secure and convenient access to online accounts using a Software-as-a-Service (SaaS) model. It provides Fi-Tek's customers with enhanced user validation by assigning a unique risk score to each user's activity based on key indicators including device identification, geo-location, and behavioral profiling. When high-risk policies are triggered through the RSA® Risk Engine, TrustPortal™ users can be prompted for additional credentials such as challenge/response questions.

According to El-Fakir, "RSA technology gives our customers confidence that they can conduct their business security using our services. We also knew that they would have no problems accepting RSA Adaptive Authentication as a best-in-class security solution as many of them – already existing customers of RSA – recommended it to us. As we move to a full software-as-a-service business offering, we are confident RSA's own software-as-a-service technology will continue to meet our clients' security needs."

The Fi-Tek TrustPortal™ provides a full suite of products, including investment management with electronic trade execution, compliance, administration, accounting, operations, automated account review and extensive web-based report engines. RSA Adaptive Authentication has been deployed to provide secure access to Client Internet Access™, a TrustPortal™ report engine, where customers are able to view their account details online, keep track of recent activity, see the current value of their assets, and view their latest account statements.

"Consumers will conduct more financial transactions on the Internet if they feel more secure. With RSA Adaptive Authentication in place, well over one hundred financial institutions using Fi-Tek TrustPortal™ will gain an extra level of assurance and confidence that their customers' financial assets and personal information will be better protected," said Tom Corn, Vice President of Product Marketing at RSA, The Security Division of EMC. "The software-as-a-service deployment of RSA Adaptive Authentication is a logical step forward in the evolution of Fi-Tek's security infrastructure that continues to meet its evolving customer needs."

For more information about Fi-Tek, visit www.fi-tek.com.

About EMC

RSA Adaptive Authentication is a risk-based authentication and fraud detection platform delivered via software-as-a-service or on-premise software. The solution is used by more than 9,000 organizations worldwide and authenticates more than 250 million users through risk indicators powered by the RSA Risk Engine, such as device identification, geo-location, behavioral profiling, and fraud data from the RSA eFraudNetworkSM community. RSA Adaptive Authentication is a component of the RSA Identity Protection and Verification Suite, one of the most complete and innovative software-as-a-service portfolios of strong authentication and anti-fraud technologies.

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.

RSA offers industry-leading solutions in identity assurance & access control, data loss prevention & encryption, compliance & 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.

Press Contacts

Kerry Walker
Outcast Communications
339-244-4089
kerry@outcastpr.com

David Seuss
RSA, The Security Division of EMC
781-515-6279
david.seuss@rsa.com

RSA and eFraudNetwork are registered trademarks, trademarks or service marks of RSA Security, Inc. in the U.S. and/or other countries. EMC is a registered trademark of EMC Corporation. All other products and/or services mentioned are trademarks of their respective countries.

Notes: