Trusted Knight Unveils Financial Fraud Fighting Solution, Protector Air

Digital data security specialist Trusted Knight launched Protector Air this week. The cloud-based solution deploys in-stream between consumers and businesses to defend against cyberattacks and fraud. The solution is capable of protecting against a variety of fraudulent activity and malware including rootkits, man-in-the-middle browser attacks, session hijacking, and account takeovers.

“The conventional security approach has been to protect the endpoint and the web application separately using two distinct solutions,” Trusted Knight CEO and founder Joseph Patanella explained. “What we’ve enabled is the modern paradigm of accepting that there will be compromised endpoints as well as attacks on web servers, but secure business can still take place if each touch point of each transaction is protected,” Patanella said. “We are creating a new category of solutions with Protector Air – one that provides full transaction stack protection.”

Protector Air secures three cyberattack vectors: protecting websites from direct infrastructure, framework, and application logic attacks; protecting users from endpoint and browser-based malware such as keyloggers and Trojans; and protecting the communications itself from service disruption caused by distributed denial-of-service (DDOS) attacks. With an anti-fraud intelligence layer to protect transactions, Protector Air’s technology is unified, agentless, turnkey, cloud-based, and platform independent.

Headquartered in Annapolis, Maryland and founded in 2010, Trusted Knight demonstrated its Protector Anti-Crimeware Software at FinovateSpring 2013. Last fall, the company forged a strategic partnership with channel enablement specialist, eTECH Channel to help it better bring its full product suite of anti-fraud solutions to market faster and more efficiently. Last summer, Trusted Knight was named a finalist in the SC Awards 2017 Europe in the Best Fraud Prevention solution category. The company secured Series B funding in 2016 (the amount of the investment and the name of the investor were undisclosed) and has made one major acquisition, the purchase of Massachusetts-based cybersecurity firm, Sentrix.

Finovate Alumni News

On Finovate

  • Trusted Knight Unveils Financial Fraud Fighting Solution, Protector Air.
  • Currencycloud Helps Businesses Extend Global Reach.

Around the web

  • Beacon Community Bank to deploy Jack Henry’s SilverLake System for core processing.
  • Finastra welcomes APAC early adopters to its FusionFabric.cloud 0pen architecture ecosystem.
  • Roostify announces new VP for Business Development, Mark McLaughlin.
  • BioCatch voted “Best Innovation in Securing Transactions” at the European Payments Summit’s Florin Awards.
  • Payfone launches Instant Experiences for Retail platform.
  • Users can now add multiple credit and debit cards to their PayPal account directly from BofA’s mobile app.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • National Bank of Canada Joins SecureKey’s Digital Identity Network.
  • P2Binvestor Launches Bank Partnership Program.
  • doxo Surpasses 30,000 Payable Billers on its Platform
  • Contextual Commerce Platform Omnyway Raises $12.75 Million in Series A.

Around the web

  • ConnectOne Bank ($4.7 billion in assets) to deploy nCino’s Bank Operating System.
  • ACI Worldwide partners with European clearing and settlement firm, STET, to bring real-time payment solution to PSPs.
  • FICO reports increased accuracy of its Enterprise Security Score when it comes to predicting data breaches.
  • Finastra moves its payments solution to the cloud via Microsoft Azure.
  • Trusted Knight partners with eTECH Channel.
  • CloudTrade and Taulia partner to enable businesses to transition to paperless invoicing.
  • iSignThis’ ISXPay initiates further Australian card acquiring/processing contracts.
  • BancPass announces license agreement with mobile tolling provider PayTollo.
  • EFL a finalist in the 2017 MIT Inclusive Innovation Challenge.
  • Datanami article on bot technology features insights from Narrative Science CEO Stuart Frankel.
  • MoneyMarketing highlights SpyCloud in a look at the safety of life and pensions company data.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Trusted Knight Lands Series B Funding, Acquires Sentrix Web Technologies Assets

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Data security company Trusted Knight closed a Series B financing round this week. The amount of the funding was undisclosed, and specific investors were not named.

SentrixLogoThe Maryland-based company will use the funds to expand sales and marketing efforts and accelerate product development.

In addition to the funding, Trusted Knight announced it has acquired Massachusetts-based Sentrix, a company that aims to protect against vulnerability exploits and DDoS attacks. The acquisition brings Sentrix’s Cloud-DMZ, a solution that offers an alternative to a web-application firewall.

TrustedKnightKlotniaThe acquisition was finalized in December.

Also this month, Trusted Knight hired Doug Klotnia (pictured) as COO. Klotnia is an industry veteran with 15 years of experience operating and leading businesses. Prior to joining Trusted Knight, he was president of vPromos, a card-connected loyalty and mobile-marketing company.

Trusted Knight launched its Protector Crime Software at FinovateSpring 2013. Protector blocks malware to prevent criminals from getting to sensitive data. The company was founded in 2010. Joseph L. Patanella is CEO.

Finovate Alumni News

On Finovate.com

  • “Signifyd Raises $20 Million in Series B Led by Menlo Ventures”
  • “Ping Identity Launches New Features, Multi-Factor Authentication API”
  • “Trusted Knight Lands Series B Funding, Acquires Sentrix Web Technologies Assets”
  • “Live from London: FinovateEurope 2016 Demo Videos Now Available

Around the web

  • Minnesota-based Wings Financial Credit Union to deploy account opening technology from Gro Solutions.
  • NICE Systems announces strategic partnership with The Boston Consulting Group (BCG).
  • Cisco to serve as the “priority technology partner” to BBVA in new strategic alliance.
  • NYMBUS teams up with Geezeo, adding white label PFM technology to its full-stack, core banking platform.
  • Xerox enters into global reseller agreement with Top Image Systems.
  • Emirates NBD Group and the Open Bank Project launch a global competition for fintech startups.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Trusted Knight Debuts its Malware-Blocking Anti-Crime Software, Protector

This is a part of our live coverage of FinovateSpring 2013.

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Then, Trusted Knight demonstrated how its Protector anti-crime software blocks malware:

“Protector is designed to be quickly deployed to the large and diverse customer bases of businesses and financial institutions to immediately reduce fraud losses. Protector is extremely lightweight and can be easily integrated into existing security products. There is no minimally-required hardware configuration, no customer configuration or interaction necessary, and installation causes no stability issues or conflicts with other resident software. 

Rather than attempting to detect malware (a nearly impossible task), Protector simply blocks malware functioning to prevent criminals from getting the data they need to commit crimes. Protector achieves a remarkable 70+% install rate on a customer “opt-in” basis.”

Product Launch: April 2013
HQ: Annapolis, MD
Founded: February 2010
Presenting Joseph Patanella (CEO) and Trevor Reschke (CTO)

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FinovateSpring 2013 Sneak Peek: Part 5

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For our final sneak peek of FinovateSpring demoing companies, seven companies have provided some insight into the products they will demo next week at FinovateSpring in San Francisco.

Don’t miss the previous sneak peek posts:

If you haven’t already, be sure to get your ticket for FinovateSpring. It’s happening May 14 & 15 in San Francisco.

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authenticID’s True Identity Made Simple identity proofing solutions work worldwide and our pictureID tool is 100% accurate – a claim no other identity company can make.
Features:
    • pictureID can eliminate ID fraud
    • Fraudsters can’t beat pictureID – without a costume
    • Better customer service & compliance
Why it’s great: pictureID is the only 100% accurate identity proofing solution and it provides added security by producing a picture of the true ID owner.
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Finovera is reinventing how people manage their bills, accounts and financial documents at home. It is a perfect complement to Online Banking and Bill Pay service.
Features:
    • Automatic delivery of all Bills in one file cabinet
    • Alerts when a bill is unusually high
    • Organize your life in under 10 minutes
Why it’s great: Now households can go paperless and manage all their bills and financial documents in one secure place from anywhere.
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Kofax enables customer acquisition directly from the mobile device and recognizing the importance of consumer engagement, Kofax will demonstrate on-boarding for an impactful customer experience.
Features:
    • Meet and service customers via mobile channel 
    • Reduce operating costs and minimize drop-off rates
    • Increase growth and profits
Why it’s great: Kofax Customer Onboarding improves the agility and profitability of your bank’s customer on boarding processes by engaging customers via mobile devices.

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LendUp is the creator of the LendUp Ladder, an innovative program that uses small dollar loans to provide a path out of the payday lending debt trap and help borrowers build credit.
Features:
    • LendUp Ladder: Rehabilitate Declined Credit Applications
    • LendUp Education Program
    • Gamification Credit Building
Why it’s great: The LendUp Ladder helps create better credit customers
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NICE Mobile Reach complements mobile banking to redefine mobile customer service. Capitalize on mobile opportunities: engage, connect, Collaborate!
Features:
    • Intelligently engage customers
    • Seamlessly transition to the right channel with context
    • Effectively collaborate for resolution
Why it’s great: The ultimate mobile customer experience: ensuring every customer need is resolved, even when mobile self-service is not enough!

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Trusted Knight’s Protector software defeats key-logging and web-inject (MITB) attacks against employee and customer devices so that online transactions are safe from malware.
Features:
    • Quick and easy customer install — no impacts/issues.
    • Effective against even zero-day exploits.
    • 70% customer opt-in rate in
Why it’s great: Allows business to safely interact with malware-infected devices.
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Zooz is the people-first payment platform that will boost your conversion.
Features:
    • Optimized native checkout for m-commerce apps 
    • One tap payment across different apps
    • Multiple payment methods in one SDK
Why it’s great: Payments are for people and we’re here to give the human touch. When your users feel happy and secure they’re more likely to make it to the “Thank You” page.
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