Covelight Systems, the innovator of real-time, application-independent online management solutions, announced a partnership with Quova, Inc., the authority on IP Intelligence and leading provider of Internet geolocation data and services, to deliver a seamless platform for online user transaction data and enhanced authentication capabilities for financial services enterprises. Quova's GeoPoint service has been integrated with Covelight's Inflight Intelligence Engine (IIE) to provide an option to customers for authentication based on a user's geographic location.
The partnership gives Inflight users the option of using Quova's proprietary mapping of the complete worldwide population of IP addresses on the Internet as an additional layer of risk management and protection against online fraud.
Inflight delivers the industry's first and only online monitoring product family specifically designed to feed actionable, real-time data to fraud management systems, without requiring any integration with the online application. Inflight is built on Covelight's new Capture-Transform-Feed (CTF) architecture, which was developed in conjunction with one of the world's largest financial institutions to ensure it meets regulatory requirements and delivers the performance needed in extremely high-volume environments.
Inflight delivers detailed Web channel data to back-end systems in real time, for uses including fraud, security information and event management (SIEM), Web analytics, marketing automation and business intelligence (BI). With real-time, actionable intelligence, businesses can make faster decisions and enhance their business processes to deliver better services and offerings to their customers.
Authentication relying on IP geolocation is fast, easy to implement, and completely transparent to the customer. By integrating GeoPoint with Inflight, users receive the most accurate, identity-based security solution, delivering value across the enterprise.
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