Financial Services

To combat fraud and achieve growth, financial institutions must remove friction while building trust

OneSpan has helped prevent billions of dollars in fraud

We serve more than 2,000 financial institution customers, including:

50% 

 

of the top 100

global banks

18

of the top 20 

financial institutions in Europe

7

of the top 10

financial institutions in the U.S.

8

of the top 10

financial institutions in Canada

3

of the top 5

financial institutions in Japan

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

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

Reduced risk
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

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Trusted Identity Platform

Bring together risk analytics, mobile security, and authentication solutions under a single platform to dramatically simplify authentication workflows

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Digital Identity Verification

Leverage digital identity verification services, including ID document capture and facial comparison, for new customer acquisition

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Mobile App Security

Protect users by strengthening your mobile banking app's resistance to intrusion, tampering, reverse engineering, and malware

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Authenticators

Help prevent account takeover by securing account access and financial transactions with mobile, biometrics, and hardware authenticators

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E-Signature

Automate your signing workflows and capture customer consent with secure, legally binding e-signatures – in the cloud or on-premises

What Customers are Saying

For us, it was important to partner with a market leader that could demonstrate expertise in the financial sector.

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Mr. Nasar Siddiqui

Head of Digital Channels, National Bank of Fujairah, UAE

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.

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Alexander Kiesswetter

Raiffeisen Information System CIO

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.

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Mr. Shinji Tanikawa

System Planning Division, Jibun Bank, Japan

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

Questions? We’re ready with answers

OneSpan can help your financial institution digitize and secure the user experience throughout the customer lifecycle