VULT Security Joins Finovifi Marketplace to Strengthen Fraud Prevention Efforts for Community Financial Institutions with Patented Identity Verification Solutions

Birmingham, AL – August 13, 2025 - Finovifi today announced that VULT Security, a leader in biometric identity verification and pre-transaction fraud prevention, has joined the Finovifi Marketplace (www.finovifi.com/marketplace), bringing community banks and credit unions a powerful new solution to combat identity fraud and protect high-risk transactions.

As fraud threats continue to evolve, financial institutions are shifting from reactive detection to proactive prevention. VULT Security delivers a pre-transaction identity firewall that confirms, in real-time, who is taking action before funds move, accounts are created, or permissions are granted. This stops account takeovers and other high-risk fraud at the source.

What Sets VULT Security Apart

Top-Tier Fraud Prevention: All of an institution's high-risk actions, like ACH transfers, wires, and account access, can now be secured with biometric confirmation from the verified individual. VULT Security ensures that only the true account owners can authorize money movement or account access, even if PII, credentials, or user devices are compromised.

Patented Proof of Presence Technology: Instead of trusting static credentials or local device authorization, VULT Security confirms biometric proof of presence tied to a government-issued ID in real time. This protects against impersonation, synthetic identity attacks, and AI deepfake fraud with unmatched reliability.

Chargeback and Fraud Protection: Every VULT ID scan captures a forensic record that includes facial biometrics, device ID, VPN detection, geolocation, and ID match. This data proves the account owner was physically present and confirmed the transaction. Banks can now stop chargebacks before they start and eliminate friendly fraud with indisputable evidence that holds up under scrutiny.

Fraud and Risk Triggers: VULT Security integrates directly into a financial institution’s existing fraud engine or decision tree. When risk signals are detected, such as a large transfer, unusual login, or abnormal pattern usage, the system triggers a VULT ID check. Instead of relying on manual phone call verification, device biometrics, one-time codes, or other MFA push notifications that can easily be spoofed, the user completes a real-time biometric proof of presence scan. These liveness scans are instantly compared to the server-side biometrics and validated against the government-issued ID on record. This method is infinitely more secure than the device-side biometrics, like Face ID, that are stored on your local phone, because a simple PIN override cannot defeat them. 

Built-in KYC & AML Verified Account Creation: VULT Security enables bulletproof onboarding by scanning a government-issued ID and validating it against authoritative sources. The platform includes document authenticity checks, PDF417 barcode scans, facial matching, liveness detection, and OFAC sanction screening to ensure regulatory compliance and prevent fraudulent accounts.

Easy Integration, Easy User Experience: VULT Security integrates without affecting or having to remove any pre-existing security system, offering a simple integration via API or low-code SDK. Offering white glove customer support, integration is a breeze. For account holders, the one-time onboarding takes less than 45 seconds, while authorization and approval scans are nearly instantaneous. This gives you and your customers the highest level of security with a modern user experience that is expected from a forward-thinking and innovative financial institution. 

“VULT Security brings a new level of protection to our financial institution partners,” said Coy Ogle, Head of Partnerships at Finovifi. “By verifying the identity of the person behind the screen in real time, VULT stops fraud before it starts and ensures that every action is truly authorized.”

“Finovifi’s marketplace is built around trusted solutions that solve real problems,” said Dr. Brad Veazey, CEO of VULT Security. “Our platform complements existing fraud defenses by locking down the most vulnerable point of attack, the identity layer. We’re excited to bring this capability to Finovifi’s growing network of banks and credit unions.”

By joining the Finovifi Marketplace, VULT Security becomes part of a curated ecosystem of modern fintech tools that help financial institutions reduce fraud losses, increase operational efficiency, and deliver secure digital experiences with confidence.

About Finovifi
Finovifi is a financial technology company helping community banks and credit unions thrive in a digital-first world. Through AI-powered tools spanning core modernization, fraud prevention, compliance, and customer engagement, Finovifi enables institutions to reduce costs, operate more efficiently, and grow with confidence. The Finovifi Marketplace features vetted partners that deliver real-world value to financial institutions nationwide. Learn more at www.finovifi.com.

About VULT Security
VULT Security is a patented identity infrastructure platform that prevents fraud before it happens. By combining real-time biometric authentication and government ID validation, VULT Security ensures that the person behind the device is the true owner of the account, preventing fraud anywhere it's used. With seamless integration and military-grade precision, VULT ID helps financial institutions meet modern user experience expectations while restoring trust in digital interactions. Learn more at www.vultsecurity.com.