Bharosa, I-Flex Combat Bank Fraud

SANTA CLARA, Calif. and NEW YORK -- Bharosa and i-flex solutions said today that the companies will collaborate to provide joint banking customers with advanced security solutions to combat the growing threat of consumer identity theft and fraud on the Internet. Bharosa will enable i-flex to add real-time fraud detection and multiple forms of authentication security to its existing FLEXCUBE retail banking product. The joint solution will safeguard consumers' online identity and transactions against the latest forms of online threats, including phishing, spyware, and malicious computer bots.

As part of its security strategy, i-flex will offer fraud detection and authentication capabilities from Bharosa to provide an enhanced security offering for its rapidly growing customer base as well as for customers of its outsourced offering through Financial Services Inc. (FSI). Bharosa, an award-winning, privately held Silicon Valley company has quickly joined the ranks of the industries' largest security providers and is now securing over 25 million users in over 1,000 enterprises worldwide.

"i-flex strives to deliver the world-class performance, reliability and security banks require," said George Thomas, Vice President – Customer Fulfilment & Solution Architecture - i-flex solutions. "By combining Bharosa's offering with our FLEXCUBE retail banking platform, we can enable a more robust, yet seamless protection against the most sophisticated fraud attacks."

Bharosa Inc.

i-flex solutions