SOURCE: ActivIdentity

ActivIdentity

November 22, 2010 03:15 ET

New Full Service UK Bank Selects ActivIdentity's Versatile Strong Authentication Solution

ActivIdentity 4TRESS Authentication Server Dramatically Reduces the Time, Cost and Risk of Deploying a Flexible, Multi-Factor Strong Authentication Security Solution for New Retail Bank

FREMONT, CA--(Marketwire - November 22, 2010) - ActivIdentity Corporation (NASDAQ: ACTI), a global leader in strong authentication and credential management, today announced Metro Bank, the first full service bank to enter the UK retail banking market in more than 100 years, will use its ActivIdentity 4TRESS™ Authentication Server to secure access to the bank's Temenos T24 core banking solution.

The ActivIdentity 4TRESS Authentication Server is an ideal security platform for Metro Bank because of its flexibility and off-the-shelf integration with the T24 platform. It significantly reduced the cost and complexity of deploying strong authentication with the bank's online banking platform, based on Temenos' ARC Internet. ActivIdentity provided the 4TRESS Authentication Server plus professional services to help Metro Bank go live with the solution. ActivIdentity 4TRESS Authentication Server lets organizations, like Metro Bank, respond quickly to new online attacks, evolving business requirements and changing customer needs. With this versatile authentication solution, Metro Bank gains the flexibility to meet security requirements for a wide range of deployment, end-user, and device options that are scalable to millions of users.

"We're pleased to provide the secure access for Temenos' ARC Internet system for Metro Bank and its customers," said Karl Weintz, senior vice president of corporate development and strategy, ActivIdentity. "The 4TRESS Authentication Server is an ideal security solution for flexible customer authentication capabilities for the ARC-IB component. It provides Metro Bank's customers with a highly secure infrastructure that doesn't sacrifice convenience or ease of use for their banking needs."

The ActivIdentity 4TRESS Authentication Server is a standards-based solution for strong authentication. The server features simple installation, deployment and administration, and supports a broad range of authentication methods and devices such as hardware tokens, soft tokens, SMS OTP, USB tokens and smart cards that address user demands for convenience and portability. The ActivIdentity 4TRESS Authentication Server, which can also be deployed as an appliance, provides the ability for IT managers to quickly deploy additional layers of security to address new threats.

Metro Bank will differentiate itself from other High Street banks by offering extended opening hours with stores open seven days a week for retail and business customers (8am - 8pm Monday to Friday, 8am - 6pm Saturday, 11am - 4pm Sunday and bank holidays), every day of the year apart from Good Friday, Easter Sunday, Christmas Day and New Year's Day. Customers will also be able to open accounts with a rapid opening procedure and on the spot issuance of bank cards (subject to acceptance).

"We're pleased with the security and flexibility ActivIdentity's 4TRESS Authentication Server provides for the Temenos banking platform used by our customers," said Craig Donaldson, Chief Executive at Metro Bank. "Customer service is at the heart of Metro Bank, and safe online banking is key to this model. The 4TRESS Authentication Server provides the necessary security to protect our customers' online financial transactions."

Metro Bank selected the T24 model bank platform that features pre-configured, best practice products and processes and instills Temenos' functionality across more than 600 projects worldwide into a proven, safe and well-documented implementation methodology. This provides Metro Bank with a single, out of the box solution to support its business with a low cost, low risk and rapid implementation, with system deployment completed in just nine months.

ActivIdentity has a strategic partnership with Temenos where the 4TRESS Authentication Server is a pre-integrated security solution for ARC Internet -- delivering a sophisticated, flexible strong authentication platform that significantly reduces time, cost and risk. This successful partnership has many joint customers around the world.

About ActivIdentity

ActivIdentity Corporation (NASDAQ: ACTI) is a global leader in intelligent identity assurance, providing solutions to confidently establish a person's identity when interacting digitally. For more than two decades the company's experience has been leveraged by security-minded organizations in large scale deployments such as the U.S. Department of Defense, Nissan, and Saudi Aramco. The company's customers have issued more than 100 million credentials, securing the holder's digital identity. ActivIdentity is headquartered in Silicon Valley, California. For more information, visit www.actividentity.com.

ActivIdentity and 4TRESS are registered trademarks in the United States and / or other countries. All other trademarks are the property of their respective owners in the United States and / or other countries.

Safe Harbor Statement

The statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties. These risks and uncertainties include risks relating to our history of losses and need for revenue growth and cost containment, the integration of acquired business and technologies, the variability of our quarterly results, and other risks identified under the caption "Risk Factors" in our most recent Annual Report on Form 10-K, and in subsequent Quarterly Reports on Form 10-Q, which are filed with the United States Securities and Exchange Commission (SEC). There can be no assurance that we will achieve targeted levels of revenues for fiscal 2009 or that our strategic initiatives will result in the anticipated benefits. Copies of our SEC filings, which have more information about these and other risks, are available from the Company and on the SEC website at www.sec.gov. Actual results, events and performance may differ materially from our forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company disclaims any intention to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

About Metro Bank

Metro Bank was co-founded by Vernon Hill and Anthony Thomson. It is based on the successful Commerce Bank model that was established by Vernon Hill in the US in 1973. A UK management team worked with Vernon Hill to help bring this model to the UK market.

Metro Bank operates retail hours, not banking hours. It will be open seven days a week (8am - 8pm Monday to Friday, 8am - 6pm Saturday, 11am - 4pm Sunday and bank holidays), every day of the year apart from Good Friday, Easter Sunday, Christmas Day and New Year's Day.

Metro Bank PLC. Registered in England and Wales. Company number: 6419578. Registered office: One Southampton Row, London, WC1B 5HA. 'Metrobank' is the registered trade mark of Metro Bank PLC.

Metro Bank PLC is authorised and regulated by the Financial Services Authority (FSA) in relation to acceptance of deposits and provision of investment and insurance services. In relation to consumer credit business, Metro Bank PLC is licensed and regulated by the Office of Fair Trading and not by the FSA. Most relevant deposits are protected by the Financial Services Compensation Scheme. For further information about the Scheme refer to the FSCS website www.fscs.org.uk

All Metro Bank products are subject to status and approval.

Metro Bank PLC is an independent UK bank -- it is not affiliated with any other bank or organisation (including the METRO newspaper or its publishers) anywhere in the world. Please refer to Metro Bank using the full name.

Metro Bank is led by a talented team of UK Executives:

  • Craig Donaldson, Chief Executive Officer, formerly Managing Director of Retail Banking at Royal Bank of Scotland
  • Paul Marriott-Clarke, Managing Director, Retail Banking, formerly Managing Director, Network South, Retail, HBOS
  • Darren Schindler, Managing Director, Commercial Banking, formerly CEO, Oak Capital Group
  • Aisling Kane, Chief Operations Officer, formerly Director of UK Operations at Anglo Irish Bank
  • Mike Brierley, Chief Financial Officer, formerly Director, Business Risk at Barclaycard
  • Mike Hudson, Chief Risk Officer, formerly Group Head of Risk at Hitachi Capital

Its non-executive directors are:

  • Stuart Bernau, former Retail Director, Nationwide Building Society
  • Keith Carby, Co-founder, J Rothschild Assurance
  • Howard Flight, Founder, Guinness Flight Asset Management
  • Ben Gunn, former Chief Executive of Friends Provident Life & Pensions
  • Vernon Hill, Founder of Commerce Bank
  • Eugene Lockhart, former CEO of Midland Bank and MasterCard International and former President, Global Retail Banking at Bank of America
  • Anthony Thomson, Chairman, Financial Services Forum

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