1st Source Corporation Selects Bharosa to Bolster Online Banking Security, Meet FFIEC Year-End Deadline

1st Source Bank is making its online banking system even safer. 1st Source Corporation, parent company of 1st Source Bank (NASDAQ: SRCE), the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area, and Bharosa, a global provider of proactive, real-time fraud detection and multifactor authentication solutions, today announced that 1st Source will use Bharosa’s solution to provide advanced security for its online banking clients. Bharosa’s Authenticator and Tracker products are helping industry leading financial institutions deploy consumer-friendly security measures and quickly comply with the Federal Financial Institutions Examination Council (FFIEC) year-end deadline calling for secure Internet banking practices.

“Our aim at 1st Source is to provide exceptional client service,” said Don Miller, Senior Vice President, Operations Group, of 1st Source Corporation. “Because protecting our online users against growing fraud threats and complying with industry guidelines are top priorities, we selected Bharosa to help us enhance our client service by providing a ‘quick-to-market’ solution that offers the most advanced fraud detection and authentication capabilities in a cost-conscious manner.”

1st Source will deploy several software products from Bharosa, including Bharosa Tracker real-time fraud detection and strong, multifactor authentication to provide enhanced security for online users. With over a century long history, 1st Source continues to distinguish itself with innovative products and highly personalized services and is proud of its tradition of providing superior products to customers. By utilizing Bharosa’s solution, 1st Source will offer its customers an easy-to-use, yet highly secure way to protect online activities. Equally important, by using Bharosa’s Universal Installation Option (UIO), which enables seamless integration with 3rd party banking platforms, 1st Source will be able to greatly enhance Internet security measures and meet regulatory deadlines without significant deployment effort.

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