OneSpan has helped prevent billions of dollars in fraud
We serve more than 2,000 financial institution customers, including:
The Challenge
The financial services sector faces multiple challenges in fighting fraud, growing digital channel revenue, and reducing operational costs. The business is focused on removing friction and adding more digital services. Yet security teams are adding anti-fraud measures to combat growing losses and regulators are enacting new compliance requirements. Both risk increasing friction.
At the same time, there is tremendous pressure to optimize back-office operations, consolidate tech stacks, and move to a more agile infrastructure with cloud services. Navigating these challenges requires innovative digital security technology paired with the guidance of an experienced partner.
Financial Services Fraud Challenges
Julie Conroy, research director at Aite Group, discusses the challenges financial Institutions face when responding to fraud attacks, including:
- Keeping pace with escalating attacks
- Implementing new technology quickly and effectively
- Figuring out how to be more nimble
Proven Benefits
Our Customers Achieve Strong Business Outcomes
95% Adoption of Mobile Authentication
This commercial bank met expectations for modern convenience while protecting users and transactions with both software and hardware authentication
Protecting Online and Mobile Banking
To protect against man-in-the-browser (MITB) attacks, Japan’s Jibun Bank implemented effective countermeasures that do not impede user experience
Differentiating with Mobile Security
Raiffeisen Italy implemented mobile app shielding to secure the mobile-first experience and quickly achieve PSD2 compliance.
Faster Growth, Less Risk
MotoNovo uses Secure Agreement Automation to keep finance agreements digital. 40% hits the books without manual intervention, enabling faster growth with less risk
156% Loan Growth
Cloud-based nCino Bank Operating System integrated with OneSpan Sign enabled WPCU to triple loan capacity and grow from 30 to >100 loans per month without new staff.
Accelerating Business Loans
BDC integrated e-signatures into their mobile app. This enabled entrepreneurs to access loans within 15 minutes and saved the BDC team 26,000 hours of work.
Top Trends Driving the Future of Fraud Mitigation: 2020 and Beyond
Fraud attacks around the globe continue to fuel rising account takeover, CNP, and new account fraud losses.
The good news is that sophisticated technologies, such as machine learning, orchestration platforms, and digital identity analytics, represent opportunities for FIs to get a step ahead. Learn how in this webinar.
Our Capabilities
Protect the digital banking experience
Risk Analytics
As fraud attacks evolve in complexity, speed, and automation, keep up with a sophisticated risk analytics engine that leverages machine learning to detect fraud in real time
Trusted Identity Platform
Bring together risk analytics, mobile security, and authentication solutions under a single platform to dramatically simplify authentication workflows
Digital Identity Verification
Leverage digital identity verification services, including ID document capture and facial comparison, for new customer acquisition
Mobile App Security
Protect users by strengthening your mobile banking app's resistance to intrusion, tampering, reverse engineering, and malware
Authenticators
Help prevent account takeover by securing account access and financial transactions with mobile, biometrics, and hardware authenticators
E-Signature
Automate your signing workflows and capture customer consent with secure, legally binding e-signatures – in the cloud or on-premises
ISMG Report
State of Digital Account Opening Transformation
This 28-page report compiles survey responses from banking and security leaders representing more than 100 financial institutions. Download now to get the latest data to help inform your organization’s decisions on digital account opening transformation.
What Customers are Saying
I was impressed with how quickly OneSpan had us up and running with e-signatures for our SBA PPP loans. I called OneSpan and by noon the next day we were well on our way. It was just what we needed in the nick of time to get the loans out to small businesses to keep their people employed.
For us, it was important to partner with a market leader that could demonstrate expertise in the financial sector.
We selected OneSpan’s innovative solutions because they provide a high level of security and usability. Traditionally, it's very difficult to combine the two – until now, it's always been a trade-off. We wanted to innovate and simplify the customer experience. With this project, we were able to do that.
The OneSpan Mobile Security Suite was the only solution that allowed us to add transaction signing features to our application in the manner we preferred. We also relied on OneSpan as the company had a proven track record with numerous use cases in various countries.
We purchased [OneSpan Sign] for tracking and evidence of electronic document delivery. The benefits we’ve experienced are customer convenience, cost savings, and an improved loan process.
Partners
Leverage our network of global system integrators, service providers, and technology partners
Why OneSpan
Domain Expertise
Financial institutions around the world choose OneSpan for our proven fraud prevention technologies and extensive expertise in financial digital channels. We understand the challenges of protecting and enabling the digital customer journey – and provide the technologies and expertise to stay ahead, differentiate, and grow digital channel revenue.
Secure Digital Customer Journeys
We bring together best-in-class security solutions that work together to secure the digital customer journey and mitigate fraud. By establishing trust in digital identities, devices, and transactions, we help you reduce fraud, increase top-line growth, and strengthen compliance as you modernize the customer experience.
Customer Commitment and Support
We’re known for taking a hands-on approach. Customers appreciate our industry-leading post-launch support, where we provide ongoing help to fine-tune fraud prevention, increase efficiency, and improve adoption rates.
Flexible Solutions and Cloud-based Platform
Our solutions are designed to integrate seamlessly with third-party and in-house systems so you can continue to leverage your existing technology investments while advancing your digital transformation with next generation technologies.
More than half of the world’s top 100 global banks use OneSpan’s digital identity & anti-fraud solutions
Resources
Case Studies
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Questions? We’re ready with answers
OneSpan can help your financial institution digitize and secure the user experience throughout the customer lifecycle