The new offering, .Net single platform solution, will provide enhanced consumer and commercial banking functionality while improving back office operations, said the bank.
The solution is equipped with security features including multi-factor authentication (MFA), real time alerts and native out-of-band transaction authentication, claims Q2ebanking.
The bank has also decided to implement Q2ebanking’s Risk and Fraud Analytics (RFA) solution, which will provide additional layer of account level protection by modeling and monitoring both transactional and behavioral activity to proactively identify potentially fraudulent activity.
With regard to the implementation of new e-banking platform, Farmington Bank senior vice president and chief information officer Ron Catrone said, "Online banking is a key and growing channel for Farmington Bank, and a vital part of our mission to be the customer-service oriented bank of choice for consumers and businesses."
Q2ebanking CEO and president Matt Flake added that the new functionality will enable the bank to better serve its customers and compete in the marketplace.
