On June 30, Adlumin received Patent #10701096 for systems and methods of anomaly detection on core banking platforms. This new technology is an incredible addition to Adlumin’s leading security and compliance automation platform and transcends some of the most critical gaps in the financial services market.
Core banking systems are connected to many bank services and the complexity of the interfaces can present opportunities for malicious actors to inflict massive financial damages. These platforms represent the central nervous system of financial institutions and store high-value data that is at constant risk of attack or failure. There is a steady need for continuous monitoring on core banking systems to detect and prevent threats, malfunctions and IT operations failures.
Adlumin’s contributions to core banking system security solidify their cloud-native platform as the leading provider of financial sector critical asset protection. To conduct this action, Adlumin uses data science to search for threats, malfunctions and IT operations failures on an organization’s core banking platform. Adlumin is the only platform in the United States with the software and infrastructure that allows a financial institution to integrate the core into the overarching security and compliance ecosystem.
“This patented technology allows financial institutions to visualize and detect anomalies within their core banking system including system activity, privilege information and account activity,” said Robert Johnston, Adlumin CEO.
Core banking systems are traditionally built on legacy technology platforms like the IBM AS400, which are difficult and time consuming for customers to manage. They represent a black hole in the present-day security space, which introduces a potentially dangerous scenario putting billions at risk. Adlumin’s patented technology identifies operational anomalies in the core banking system that are often neglected due to their complexity and visibility limitations.
This new technology builds on Adlumin’s existing line of dependable, easy-to-use network protection and financial compliance software. It is designed specifically to assist financial institutions with defending their networks while remaining in compliance with all major regulatory bodies.
“The best products are built by the best customers. That’s why Adlumin’s platform is the leading SIEM for financial institutions – we work with our customers to build a product that meets their needs,” said Timothy Evans, Adlumin Senior Vice President.
As the need for security analytics platforms continues to increase within the financial sector, Adlumin will enhance features of its platform to meet the needs and wants of its customers and compliment advancements in technology.
Adlumin Inc. is the leading, patented security analytics platform for the financial sector. The Adlumin team has a passion for technology and solving the most difficult problems through the targeted application of data science and compliance integration. Our mission is to “add luminosity” or visibility to every customer’s network processes through real-time threat detection, analysis, and response to ensure sensitive data remains secure.