Software as a Service (SaaS) company Armorblox reached an agreement with Fidelity Institutional, a division of Fidelity Investments that provides technology and insight for wealth-management firms.
With this partnership, Fidelity will provide access to Armorblox’s third-party cybersecurity offering. This product is designed to protect advisors’ and their end clients’ email accounts from fraudulent activity.
Armorblox’s technology analyzes client emails and identifies problematic risk behavior, using advanced algorithms, natural language understanding, machine learning (ML) and other artificial intelligence (AI) techniques, alerting users of fraudulent emails to protect them and their end clients from future risk.
“A robust cybersecurity program is critical not only to advisors’ business operations, but also to maintaining the trust they have worked so hard to build with their clients,” said Scott Slater, VP of Practice Management & Consulting, Fidelity Institutional. “Access to this cybersecurity offering allows us to provide even greater value for our advisor clients, while allowing them to provide peace of mind for their end clients.”