HSBC Argentina secures online retail and corporate customers with Digipass Go 3
OAKBROOK TERRACE, Illinois and ZURICH, Switzerland – October 7, 2008 - OneSpan (Nasdaq: OSPN), a leading software security company specializing in strong authentication products, today announced that leading bank HSBC Argentina secures both its retail and corporate customers with OneSpan’s strong Digipass authentication solution.
HSBC Bank Argentina is the principal HSBC operating company in Argentina. The bank has around 130 branches throughout the country providing a full range of banking and financial products and services, including commercial, consumer and corporate banking, to over 1.2 million customers.
HSBC Argentina was the first bank in Argentina to offer its online customers a strong two-factor authentication solution and is the only bank to roll out DIGIPASS authentication devices for both its retail and corporate clients.
The bank wanted to implement the highest security standard using best-of-breed solutions to protect their customers' accounts from unauthorized access. Another important factor for a successful roll out was a high user acceptance. HSBC Argentina turned to OneSpan to implement a secure, straightforward and user-friendly authentication solution.
Today, HSBC Argentina has so far distributed some 200,000 Digipass Go 3 devices.
“OneSpan is honoured that a renowned bank as HSBC Bank Argentina chose our strong authentication solutions to secure their online banking application,” said Jan Valcke, OneSpan’s President and COO. “We want to congratulate HSBC for their security awareness and with their visionary approach for using Digipass for both their private and corporate customers.”
About HSBC
Headquartered in London, HSBC is one of the largest banking and financial services organisations in the world. HSBC's international network comprises around 10,000 offices in 83 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.
With listings on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by around 200,000 shareholders in some 100 countries and territories. Through an international network linked by advanced technology, including a rapidly growing e-commerce capability, HSBC provides a comprehensive range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities.
Forward Looking Statements
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as “believes,” “anticipates,” “plans,” “expects,” and similar words, is forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
Reference is made to the Company's public filings with the US Securities and Exchange Commission for further information regarding the Company and its operations.
About OneSpan
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.
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