Business Challenge
Reduce customer abandonment & churn and mitigate fraud attempts
Up to 95% of customer abandonment due to inefficiencies
Potential customers are actively turning off from sluggish account opening processes.
Identity fraud is at an all-time high
New account fraud and social engineering attacks pose a serious threat to customer confidence as well as loss prevention efforts.
Compliance is increasingly complex
It can be challenging to expedite processes for combatting fraud and addressing compliance with new regulations.
Solutions
Help prevent new account fraud in account opening and lending
Securely & quickly verify identities
Remotely detect manufactured or synthetic identities with multi-layered digital identity methods.
Improve the onboarding experience
Integrate eSignature solutions into core account opening processes.
Drive process efficiencies and reduce errors
Integrate eSignature with smart digital forms to deliver seamless, personalized experiences.
Provide easy, secure authentication options
Deploy standalone authenticators for any channel, leveraging secure passwordless technology.
Shield your mobile apps
Defend against the latest security threats and vulnerabilities while preserving the mobile app experience.
Protect against mobile fraud
Thwart attacks against your customers' accounts and mobile devices.
Analyst Report
IDC MarketScape for eSignature 2023: OneSpan Named a Leader in Worldwide eSignature Software Vendor Assessment
The report recognizes the strengths of OneSpan’s esignature solution, as well as key differentiators including security, white-labeling, and a single audit trail.
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Personalize your customers' journeys
With OneSpan Sign, you can design automated customer journeys that eliminate pain points and create refreshingly easy experiences that come with the highest levels of security and compliance.
Quickly Verify Identities Remotely
Ensure ID documents are legitimate with digital identity verification
New account fraud and other identity theft crimes continue to challenge banks and FIs. Automated ID document verification and facial comparison enable a customer’s identity to be validated in real-time, whether the transaction takes place online or via mobile.
Ensure the Authentic Applicant is Present
Leverage biometric authentication to verify identities across your digital channels
During the digital account opening process, financial institutions must determine whether the remote applicant is who they claim to be. Best practice is to leverage facial comparison capabilities to extract biometric indicators from a selfie and compare that against the image in an authenticated ID document.
After the applicant has been onboarded, biometric authentication methods can be used to verify known customers using facial recognition and fingerprint scans.
Protect against Mobile Fraud
Mitigate fraud with mobile security capabilities
Data breaches, malware, and phishing attacks are fueling the rise in identity theft and third-party application fraud. OneSpan offers comprehensive security capabilities to protect mobile users and applications, including:
- Persistent device identification to bind user accounts to trusted devices and thwart unauthorized attempts to apply for new credit products
- Mobile app shielding and behavioral biometrics to identify and stop automated malware or bot activity
Leverage Digital Audit Trails
Protect your organization with comprehensive audit trails
To prove that a compliant account opening process was followed, financial institutions can capture a full audit trail of exactly what the applicant saw and did during an account opening process – including the identity verification and signing steps.
Digital audit trails prove that the FI carried out all necessary KYC checks and that the applicant intented to be bound by the terms of the agreement. Audit trails provide a complete record of the account opening process and can protect financial service providers against legal or compliance disputes.
Analyst Report
OneSpan Global Mobile App Security Vulnerabilities Report
Find out which types of apps are most susceptible to repackaging attacks—and what industry benchmarks you should use to assess your own level of app protection.
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6 benefits of working with OneSpan
E-book
Use Case Catalog
Our solution portfolio supports secure, simple end-to-end experiences for your clients. Find out how.
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