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Urban FT and Fortress Plus to Co-Market Digital Banking, Fraud Prevention to Community Banks

If you are a community bank or credit union, the new partnership between Urban FT and Connecticut-based Fortress Plus means it just got a lot easier to add digital banking services and state-of-the-art fraud protection at the same time.

Fortress Plus’s Rampart Intelligence Platform uses big data and behavior-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. The decision to work together, in the words of Urban FT CEO Richard Steggall, represents a shared “dedication to strengthening America’s community financial institutions.”

“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,” Steggall said.

“By co-marketing, we bring our respective best-in-breed solutions to more financial institutions that need and deserve the advantages we offer,” Fortress Plus President Jeff Whelton added, “(that is) big bank-grade quality that’s accessible and affordable for financial institutions of any size.”

Founded in 2013, New York-based Urban FT demonstrated its Urban FT Workshop at FinovateFall 2016. The workshop is a real-time, multi-tier mobile app management platform that gives FIs and FSOs the ability to design, brand, and launch mobile banking apps without coding. Available as a managed service, SaaS, online or via API, Urban FT’s technology is used by 10% of those U.S.-based FIs with assets of more than $25 million. The company 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.