Four Fintechs Receive Grants from Association for Financial Technology (AFT)

Inaugural Program in Partnership with ICBA’s ThinkTECH Accelerator

ATLANTA, Dec. 10 – Association for Financial Technology (AFT), a national association devoted to the advancement of fintech companies and a broader U.S. financial industry through technology, today announced that it has given non-equity grants to four companies: Adlumin, Botdoc, MK Decision and Teslar Software. Each of the companies completed the Independent Community Bankers of America’s® ThinkTECH Accelerator program in Little Rock, Ark., at The Venture Center. The grants cover the costs associated with AFT membership and participation in the spring and fall summits for 2020.

“The AFT Fintech Grant Program, in association with our partner ICBA, enables our members to gain access to some of the talent and creativity coming from the early-stage fintech segment of our industry,” said Brian Otte, Director of Sales of ProfitStars (a Jack Henry Company) Solutions and AFT president.

Kevin Tweddle, chief operating officer of ICBA Services Network said, “Understanding the existing technology landscape serving U.S. financial institutions is critical to most fintechs’ successes. The grants will enable these four companies to participate and engage with the leading financial technology providers and help them gain an understanding of business relationships, integrations and how they can advance their businesses.”

Teslar Software | www.teslarsoftware.com

Teslar Software is a provider of automated workflow and portfolio management tools that help community financial institutions thrive. The platform increases efficiencies, transparency and accountability across the commercial lending process.

Joe Ehrhardt, CEO, Joe@teslarsoftware.com


Adlumin | adlumin.com

Adlumin is the leading compliance and cyber security automation platform in Finance.  Adlumin is  the Independent Community Bankers of America Preferred Solution Provider for the Security Information and Event Management (SIEM) platform, with world-class analytics and machine learning, deploys in 20 minutes, and is priced for any size business.

Timothy Evans, Senior Vice President, timothy.evans@adlumin.com


MK Decision | www.mkdecision.com

MK Decision is a financial technology company whose mission is to make lending simple. MK helps community financial institutions gain a competitive advantage through simple, beautiful customer experiences and streamlined lender workflows.

Har Rai Khalsa, CEO, harrai.khalsa@mkdecision.com or Dianna Dunne-Vecchio, Communications Coordinator, dianna.dunnevecchio@mkdecision.com


Botdoc | botdoc.io

Botdoc is the first ever easy, remote, real-time, digital, secure file transfer service that works via text messaging and email with end-to-end encryption.
Karl Falk, CEO, kfalk@botdoc.io or Tracy Fox, CRO, tfox@botdoc.io

AFT’s next summit will be at Estancia La Jolla Hotel & Spa in La Jolla, Calif., March 15–17, 2020. For more information, please visit www.aftweb.com or www.aftsummit.org

Media Contact: Leah Allen | lallen@aftweb.com | 404-789-3154

Original article posted here.

FOR IMMEDIATE RELEASE: December 9, 2019

CONTACT:

Timothy Evans, Adlumin SVP, Chief of Strategy and Co-founder

timothy.evans@adlumin.com

(202) 352-8001 Ext: 11

Adlumin Adds Threat Intelligence Portal to Crowdsource Threat Detection

The platform integrates with the world’s largest crowdsourced threat intelligence platform and sends real-time notifications of potential threats.

Washington, DC. The newly launched Adlumin Threat Intelligence Portal (ATIP) provides powerful new capabilities to the already robust cloud-native SIEM from Adlumin, a cybersecurity company dedicated to defending corporate networks from threats, malfunctions, and IT operations failures. ATIP is a threat intelligence platform that conducts searches across numerous databases, and the world’s largest crowdsourced threat intelligence database – with additional integrations in the works.

“Integrating with our threat intelligence sources enables a collaborative defensive system through community-powered threat data,” said Adlumin CEO Robert Johnston. “With these upgrades, every Adlumin user now has access to crowdsourced threat intelligence from more than 100,000 participants in 140 countries. That adds up to millions of threat indicators daily.”

The portal automatically checks millions of dangerous Indicators of Compromise (IOC) against the IP traffic in your network, providing additional context to make informed decisions about your network’s security, based on similar threats flagged in other users’ networks. It facilitates real-time searches of individual IP address across the three threat intelligence databases, in addition to firewalls, VPN servers, and network security appliances. Users receive immediate notifications of potentially dangerous events. ATIP also allows users to share information about suspected threats with others.

The new platform builds on Adlumin’s existing line of dependable, easy-to-use network protection and breach detection software. Users can access ATIP from the main Adlumin dashboard, where clear, color-coded visualizations aid the user experience.

“ATIP was designed for ease of use. Adlumin listened to customers’ needs and worked closely with them to design this new SIEM feature to further enhance security. Users now have even greater security, visibility, and automated compliance,” said Tim Evans, Adlumin SVP, chief of strategy and co-founder.

ATIP provides financial institutions with automated threat detection at an intermediate level of security within Domain 2 of the FFIEC CAT and ACET. ATIP will automatically provide an organization automated security threat alerts without any work on the part of the protected organization. Plus, the ATIP main dashboard provides a real-time feed with articles from top cybersecurity news and information sources.

About Adlumin: Adlumin is a leading cybersecurity service provider for financial institutions, based in Washington, D.C., serving a variety of global financial sector and government clients. The company was founded under the desire to “add luminosity” to customers’ cybersecurity processes through real-time threat detection, analysis, and response to ensure sensitive data remains secure. The Adlumin team continually evaluates and upgrades its revolutionary, artificial intelligence and machine learning-focused solutions to maintain the advantage over would-be intruders in the rapidly evolving cybersecurity sector.

Washington, D.C. (Nov. 21, 2019)—The Independent Community Bankers of America® (ICBA) today announced that Adlumin has been selected as its newest Preferred Service Provider. Adlumin, an ICBA ThinkTECH Accelerator program alumni, offers security incident and event management (SIEM) solutions to assist community banks in managing evolving threats and cybersecurity compliance requirements.

“We were impressed by Adlumin’s engagement with community bankers during our ThinkTECH Accelerator program and also how seamlessly their platform can be integrated into a community bank’s existing infrastructure,” said ICBA Services Network Chief Operating Officer Kevin Tweddle. “The company’s security and compliance automation platform offers visibility and analysis into every identity, system, and log data stream within the bank, offering ICBA members a holistic picture of their threat exposure to help mitigate their risk.”

Artificial intelligence and machine learning techniques fuel the solution, giving community banks more opportunities to analyze threats, malfunctions, and IT operations failures, funneling a billion monthly events down to a handful that impact a bank for further scrutiny.

“We’re constantly responding to market evolution, deploying updated data science algorithms, integrating new data and analytic sets, and making our cloud architecture and ecosystem better as the landscape evolves,” says Robert Johnston, Adlumin CEO and co-founder. “We’re excited to continue our collaboration with ICBA and remain committed to creating best-in-class SIEM services based on the operational experience within community banks.”

For more information about ICBA’s Preferred Service Provider program, visit www.icba.org/psp.

About ICBA

The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. With more than 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ nearly 750,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, nearly $4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.

About Adlumin

Adlumin is a leading cybersecurity service provider based in Washington, DC, serving a variety of global financial sector and government clients. The company was founded under the desire to “add luminosity” or visibility to every customer’s cybersecurity network processes through real-time threat detection, analysis, and response to ensure sensitive data remains secure. The Adlumin team continually evaluates and upgrades its revolutionary, machine learning-focused solutions to maintain the advantage over would-be intruders in the rapidly evolving cybersecurity sector.

Original post by ICBA: https://www.icba.org/news/icba-in-the-news/press-releases/2019/11/21/icba-selects-adlumin-as-a-preferred-service-provider-for-cybersecurity

FOR IMMEDIATE RELEASE: October 29, 2019

CONTACT:

Timothy Evans, Adlumin Senior Vice President, Business Development

timothy.evans@adlumin.com

(202) 352-8001 Ext: 11

 

Adlumin Releases Patent Pending Core Banking Security Technology Providing Deep Visibility into the Symitar Episys Core

Adlumin is the only cybersecurity firm in the U.S. to directly integrate security software with the Symitar Episys core banking system.

Washington, DC. New technology from Adlumin – a cybersecurity firm dedicated to defending corporate networks from threats, malfunctions, and IT operations failures – gives credit unions greater visibility into their core banking systems’ health and security. The patent pending technology smoothly integrates into credit unions’ networks and detects issues in real-time. Adlumin is the only cybersecurity firm in the United States capable of bringing your Symitar Episys core banking platform directly into your security landscape.

“This tool lets credit unions dive deeply into the details of their identity ecosystem – every account, action, and who is granted privileges,” said Robert Johnston, Adlumin CEO. “Adlumin’s security and compliance automation platform is designed to effortlessly interface with a complicated core banking system and catch breaches or failures.”

The threat detection software’s patent pending technology cuts through the core banking system’s complexities. It provides easy-to-understand data visualizations that clearly show which users have access, which actions were performed, and any potential breaches or threats.

The integrated security solution automatically ingests information from Symitar Episys and uses advanced data science to discover threats. It still allows credit unions the data processing and client support functionality of Episys while also monitoring transactions, customer data, and other sensitive assets accessible through the core banking system. Episys is known for its flexibility, easy integration with third-party applications, and the ability to grow along with a credit union. Adlumin’s technology efficiently scales with that growth and complements the system flexibility.

Credit unions’ core banking systems can fall victim to a security abyss because they are traditionally built on legacy technology platforms and are not intuitive for customers to navigate. Adlumin’s security solution bridges the abyss and alerts users to discrepancies in portions of the core banking system that otherwise have visibility limitations.

“Adlumin created the leading SIEM catered to modern financial institutions by working closely with our customers,” said Timothy Evans, Adlumin Senior Vice President, Business Development. “The new technology allows us to continue to satisfy credit unions’ evolving security and compliance needs.”

About Adlumin: Adlumin is a leading cybersecurity service provider based in Washington, DC, serving a variety of global financial sector and government clients. The company was founded under the desire to “add light” to customers’ cybersecurity processes through real-time threat detection, analysis, and response to ensure sensitive data remains secure. The Adlumin team continually evaluates and upgrades its revolutionary, machine learning-focused solutions to maintain the advantage over would-be intruders in the rapidly evolving cybersecurity sector.