Entersekt, a financial authentication company, announced it has surpassed one million users protected for financial institution clients leveraging its solutions on the Q2 Digital Banking Platform through the Q2 Innovation Studio. This milestone highlights a growing demand for robust, user-friendly security measures within digital banking across leading banks and credit unions in the United States.
The increase in adoption underscores the critical need for financial institutions to safeguard account holders against sophisticated fraud and scams while delivering intuitive and reliable digital experiences. Entersekt’s advanced authentication solution provides a multi-layered security approach, designed to achieve strong protection with seamless user interactions. The company reported that 70% of this one million user milestone was achieved within the last eight months.
Schalk Nolte, CEO of Entersekt, commented on the achievement: “We are incredibly proud of the trust that both Q2 and these forward-looking financial institutions have placed in Entersekt. Surpassing the milestone of protecting one million account holders is a testament to the effectiveness of our technology and our team’s dedication to innovation. Strong authentication is no longer optional; it’s essential for building and maintaining customer trust.”
Jeff Scott, VP of Fraud Product Management at Q2, added: “Fraud prevention is no longer just a defense mechanism—it’s a competitive differentiator and trust multiplier. Through Innovation Studio, we’re building a fraud ecosystem that combines the best of Q2’s proprietary platform with proven partners like Entersekt. By delivering real-time identity assurance, Entersekt helps broaden Q2’s orchestration strategy and enhance our ability to detect, prevent, and interdict fraud across the entire digital banking experience. Together, we’re helping financial institutions strengthen their fraud posture, protect their reputations, and build enduring trust with their account holders.”
Entersekt’s solution integrates device intelligence, behavioral analytics, and cryptographic security to protect high-risk transactions and users against common threats such as phishing attacks, account takeover attempts, and resulting financial fraud. Designed for both security and convenience, the solution aids financial institutions in meeting stringent regulatory requirements, reducing fraud incidents, and improving customer satisfaction. The sustained growth across Q2’s customer base indicates increasing recognition of Entersekt’s capability to deliver high-performance security that scales across digital banking systems. The company states it continues to invest in research and development to address evolving regulatory landscapes and rising scam and fraud risks.
Q2 Holdings, Inc. is a provider of digital transformation solutions for financial services, serving banks, credit unions, alternative finance companies, and fintechs globally. Headquartered in Austin, Texas, Q2 enables its clients to provide data-driven digital engagement solutions for consumers, small businesses, and corporate clients. Q2 is publicly traded on the NYSE under the symbol QTWO.
Entersekt, founded in 2010, offers digital banking fraud prevention and payment security solutions through its cross-channel, Context Aware™ Authentication platform. The company holds over 120 patents for its security innovations. In 2023, Entersekt acquired the Modirum 3-D Secure software business from Modirum, a security technology firm based in Helsinki, Finland. Entersekt currently processes over 7.5 billion transactions for more than 250 million cardholders and 450,000 merchants from nearly 900 banks across over 70 countries. The company is backed by firms including Silicon Valley-based Accel-KKR.
