EagleBank Cuts Commercial Banking Enrollment Time By 99 Percent with OneSpan
North American bank chose OneSpan to digitally transform the customer experience
CHICAGO and BETHESDA, Md. – May 21, 2019 – OneSpan™, a global leader in software for trusted identities, e-signatures and secure transactions, today announced that EagleBank, the largest community bank in the Washington metro region, has implemented OneSpan’s mobile authentication. This integration helps protect the bank’s commercial banking transactions, including ACH initiations and wire transfers, while digitizing and improving the customer experience.
OneSpan’s mobile authentication is available through its Mobile Authenticator Studio, which adds application security, biometric authentication and risk analysis to mobile applications. These added layers of security help protect mobile applications from fraud including malware, trojans, phishing and man-in-the-browser attacks. Using the Mobile Authenticator Studio, EagleBank can enroll new customers in minutes compared to six days, creating a secure, modern and convenient authentication experience.
As financial institutions look for ways to reduce costs and time associated with authentication, EagleBank is demonstrating leadership in mobile banking security by implementing mobile authentication for the bank’s new commercial clients.
“Financial institutions are finding that modernizing their authentication is both beneficial and necessary to address customer needs,” said OneSpan SVP of Worldwide Sales, Dan Dica. “EagleBank is one of the thousands of banks worldwide that rely on OneSpan solutions to achieve complex authentication requirements because of our ability to provide a layered approach to security. Taking this approach enables financial institutions to monitor, detect and block fraudulent transactions from happening before they occur, providing a strong defense against fraud with the best possible user experience.”
For more information on how banks can modernize the customer authentication experience, please download the EagleBank case study.
OneSpan enables financial institutions and other organizations to succeed by making bold advances in their digital transformation. We do this by establishing trust in people’s identities, the devices they use, and the transactions that shape their lives. We believe that this is the foundation of enhanced business enablement and growth. More than 10,000 customers, including over half of the top 100 global banks, rely on OneSpan solutions to protect their most important relationships and business processes. From digital onboarding to fraud mitigation to workflow management, OneSpan’s unified, open platform reduces costs, accelerates customer acquisition, and increases customer satisfaction. Learn more about OneSpan at OneSpan.com and on Twitter, LinkedIn and Facebook.
EagleBank is a community business bank headquartered in Bethesda, Maryland. Operating through twenty full-service branch offices, located in Suburban Maryland, Northern Virginia, and Washington, D.C., the bank focuses on building relationships with businesses, professionals and individuals in its marketplace. EagleBank also offers a complete line of competitive personal banking products and services.
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Global Director of Corporate Communications
Public Relations Manager