"Technology is at the heart of any financial institution and Adelaide Bank is continuing to make significant investments in technologies that make it easier to do business with us and provide a positive customer experience," van Ruth said.

"This solution is a key part of our ongoing strategy to provide our customers and partners with stronger, flexible and multi-layered authentication solutions."

The solution also compares the data to known fraud patterns compiled by the RSA eFraudNetwork community, which now claims "thousands" of global financial institution members, including some of the world's largest banks.

RSA finance and security specialist Geoff Noble said the company is pleased Adelaide Bank is the first local financial institution to join the eFraudNetwork, and the company will be working with the bank in conjunction with online banking solution provider Sandstone Technology to further improve security.