Mahalo Banking Launches Credential Assurance Technology to Combat Credential Stuffing

Mahalo Banking Launches Credential Assurance Technology to Combat Credential Stuffing
  • Mahalo Banking launched a new solution to combat credential stuffing.
  • The new offering, Credential Assurance Technology (CAT), augments the sign-in process to make credential stuffing impossible.
  • Mahalo Banking won Best of Show in its Finovate debut last month at FinovateFall.

Mahalo Banking, a Credit Union Service Organization (CUSO) that took home Best of Show honors in its Finovate debut last month, has launched a new tool to fight credential stuffing. Mahalo’s Credential Assurance Technology (CAT) augments the traditional account sign-in process, disrupting bot functioning and rendering credential stuffing impossible. Importantly, the technology does not require the use of friction-creating methods such as CAPTCHAs.

“With CAT, credit unions can confidently safeguard member accounts and help prevent the attacks that come at a high cost,” Mahalo COO Denny Howell said. He referred to CAT as a result of Mahalo’s “unwavering commitment to producing innovations that address the all-too-common obstacles faced by credit unions to redefine the digital banking experience.”

In a study by the Identity Defined Security Alliance, 84% of respondents said their organizations had experienced a data breach, which often leads to compromised credentials. Cybercriminals can direct automated bots to use this data to hack login credentials  – such as those of credit union members.

“If your credit union has not been targeted yet, it’s just a matter of time,” Mahalo President and CEO Jim Stickley said. He noted that it was important that new security measures be as inobtrusive as they are effective. “It was important to use to create a solution that would resolve this issue without adding new barriers or disruption for credit union members,” Stickley said. “What we have created has simply changed the game. When our CAT solution is enabled, credential stuffing simply does not work.”

Founded in 2018, Mahalo made its Finovate debut last month at FinovateFall, earning Best of Show honors from our attendees. At the conference, Mahalo’s Howell and Chief Technology Officer Dan Domek demonstrated how the CUSO had integrated comprehensive neurodiverse functionality directly into its platform. This enables the platform to better serve members that may have unique needs due to autism, dyslexia, epilepsy, color-blindness, or other conditions.

In August, the Troy, Michigan-based fintech announced an expansion of its partnership with fellow Finovate alum Larky. That same month, Mahalo partnered with Providence Federal Credit Union to enhance both online and mobile banking experiences for the credit union’s 16,000+ members.


Photo by Toni Cuenca

FinovateFall 2023 Best of Show Winners Announced!

FinovateFall 2023 Best of Show Winners Announced!

They are cheering in Times Square tonight as the winners of Best of Show at FinovateFall 2023 are crowned. After two days of live fintech demos from more than 60+ innovative fintechs, our delegates have decided. Here are the winners of Best of Show for FinovateFall 2023.


Chimney for its Chimney Home solution that gives homeowners actionable advice about their home value, equity, borrowing power, and pre-qualified offers.

Debbie for its rewards app for debt payout and its new credit card refinance marketplace for credit unions.

eSelf.ai for its technology that delivers the next generation of client-financial institution interaction, enabling human-like conversations and efficient personalization.

Mahalo Banking for its intuitive and neurodiverse-inclusive online and mobile banking solutions for credit unions with tight core integrations.

Trust & Will for its technology that simplifies estate planning and settlement with attorney-approved, legally valid documents.

Wysh for its innovative deposit solution called Life Benefit that provides micro-life insurance coverage up to 10% of an accountholders’s balance onto an existing deposit account.

We want to thank our demoing companies, our partners, our sponsors, and – last but not least – our valued attendees whose engagement continues to make Finovate a must-attend event on the fintech conference calendar. We look forward to seeing you again next year in The City That Never Sleeps for FinovateFall 2024!


Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their six favorites.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”
4. The six companies appearing on the highest percentage of submitted ballots were named “Best of Show.”
5. Go here for a list of previous Best of Show winners through 2014. Best of Show winners from our 2015 through 2023 conferences are below:
FinovateEurope 2015
FinovateSpring 2015
FinovateFall 2015
FinovateEurope 2016
FinovateSpring 2016
FinovateFall 2016
FinovateAsia 2016
FinovateEurope 2017
FinovateSpring 2017
FinovateFall 2017
FinovateAsia 2017
FinovateMiddleEast 2018
FinovateEurope 2018
FinovateSpring 2018
FinovateFall 2018
FinovateAsia 2018
FinovateAfrica 2018
FinovateEurope 2019
FinovateSpring 2019
FinovateFall 2019
FinovateAsia 2019
FinovateMiddleEast 2019
FinovateEurope 2020
FinovateFall 2020
FinovateWest 2020
FinovateEurope 2021
FinovateSpring 2021
FinovateFall 2021
FinovateEurope 2022
FinovateSpring 2022
FinovateFall 2022
FinovateEurope 2023
FinovateSpring 2023

FinovateFall 2023 Sneak Peek: Mahalo Banking

FinovateFall 2023 Sneak Peek: Mahalo Banking

A look at the companies demoing at FinovateFall in New York on September 11 and 12. Register today and save your spot.

Mahalo Banking offers the industry’s first and only online banking solution to fully integrate comprehensive neurodiverse functionality directly into its platform. This inclusive approach allows credit unions to be truly member-centric.

Why it’s great

Mahalo Banking is at the forefront of bringing full inclusivity into digital banking, allowing the 20% of the population with neurodiverse traits who have trouble using banking apps to have a great experience.

Presenters

Denny Howell, Co-Founder & COO
Howell is an experienced tech and entrepreneurial professional with a demonstrated 25+ year history of working in technology, services, financial and fintech industries.
LinkedIn

Dan Domek, Co-Founder & CTO
Domek is an experienced leader in software design, system analysis, problem-solving, and process optimization.
LinkedIn