Belgian Neobank Selects OneSpan Cloud Authentication and Mobile Security to Protect Digital Banking Channels
OneSpan enables NewB to provide customers with a seamless, secure and compliant experience
Chicago and Brussels, – September 2, 2021 – OneSpan™, the global leader in digital banking security and e-signatures, today announced that Belgian challenger bank NewB has deployed OneSpan Cloud Authentication and Mobile Security Suite to seamlessly secure its digital channels. OneSpan’s technology provides a scalable authentication framework that also enables NewB to be compliant with PSD2 requirements.
NewB is a digital-only bank whose customers rely on its mobile application for all transactions, making ease of use and strong security key requirements. Using OneSpan Cloud Authentication and Mobile Security Suite with application shielding, NewB can ensure the integrity and protection of its app and customer data while also helping detect and mitigate mobile malware attacks. Using OneSpan’s cloud technologies, NewB plans to scale the number of customers by more than 300 percent this year.
Financial institutions entering or expanding within the financial services market benefit from the scalability and cost-effectiveness of cloud solutions. This trend is not limited to new players, with 40 percent of retail banks indicating they plan to start cloud migration projects to improve agility, manage costs, and meet customer expectations for innovative technology and digital engagement.
“We were very impressed with the 25 years of experience OneSpan has as a leader in mitigating fraud and helping banks meet regulatory compliance requirements,” said NewB Product Manager, Adrien Liénard. “We partnered with OneSpan for its expertise and ease of implementation, which helped us successfully obtain our banking license and go to market. From the launch of our services, we were able to offer our customers an easy-to-use and secure digital banking experience.”
“Banks of all sizes need to balance a convenient customer experience with security and meeting compliancy rules required in the financial services industry,” said OneSpan VP of Sales EMEA South, Christian Hertsens. “By using cloud services, banks and other FIs can quickly adapt to changes in the market and their own shifting needs by relying on OneSpan to manage security and adhere to regulatory compliance requirements.”
About NewB
NewB is a recently-launched cooperative bank in Belgium. Its mission is to serve society, human rights and the planet by focusing on ethical and sustainable banking. From the outset, NewB worked according to 13 values anchored in the cooperative's statutes: transparency, participation, sustainability, fairness, simplicity, frugality, inclusion, innovation, professionalism, security, integration, diversity and proximity. NewB puts these values into practice at all levels of its operations, and employees are also guided by them in their day-to-day decisions via its social and environmental charter.
About OneSpan
OneSpan helps protect the world from digital fraud by establishing trust in people’s identities, the devices they use and the transactions they execute. OneSpan’s security solutions significantly reduce digital transaction fraud and enable regulatory compliance for more than half of the top 100 global banks and thousands of financial institutions around the world. Whether automating agreements with identity verification and e-signatures, reducing fraud using advanced analytics, or transparently securing financial transactions, OneSpan helps lower costs and accelerate customer acquisition while improving the user experience. Learn more at onespan.com.
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