Online security enhanced at Spain's Bankinter

The Quova software can authenticate eBankinter customers by analysing and comparing current login behaviour in real-time versus usual login patterns. The geolocation programme can also check the IP address of where someone is logging in from and ensure this conforms with the usual accepted pattern. If an anomaly is spotted, for example if the customer logs in from a location or timezone that’s very different than normal, a block can be enacted or follow-up questions demanded.

Bankinter’s e-banking operation is confident that the installation of the new system will help it to fight off rising cases of attempted fraud, which are rising across the financial services industry in the wake of the recession, a typical pattern of behaviour spotted during all recent downturns.

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