Bank Millennium is the first Polish bank to implement OneSpan’s Cronto technology to optimise the customer experience.
Cronto is a patented visual transaction signing solution that uses a graphical coloured cryptogram to encrypt transaction details. Implementing Cronto helps Bank Millennium provide a simple and convenient experience for customers. At the same time it enables functionality including batch transaction signing.
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In particular, Cronto helps secure transactions by enabling users to check transaction details before signing the transaction.
Moreover, it helps counter trojans such as man-in-the-browser or man-in-the-middle attacks. Specifically, it establishes a secure connection between the device and the bank.
Bank Millennium is the Poland-based subsidiary of Portugal’s Banco Comercial Português.
“We chose OneSpan’s solution together with our corporate customers. After reviewing what was available in the market we consulted with our customers so they could share their opinion. Based on their feedback, we selected OneSpan,” says Halina Karpińska Director, Electronic Banking, Bank Millennium.
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By GlobalDataOne Span Cronto: future-proofing security and PSD2 compliance
“Banks are more often considering the importance of customer experience across all banking channels. Bank Millennium has chosen not only to address the needs of its customers. It will future-proof the corporate banking process with OneSpan,” says Dan Dica, VP Global Sales, OneSpan.
He adds: “Bank Millennium is one of many financial institutions across Europe using Cronto technology to defend against sophisticated attacks. At the same time it meets the PSD2 requirements.”
OneSpan recently announced successful deployments with Volkswagen Bank and United Bulgarian Bank. Both lenders use Cronto to sign online transactions securely.
Bank Millennium serves its 1.8 active million customers via a 345-strong branch network. It has over 1.3 million active digital customers, 900,00 of whom use the bank’s m-banking channel.
OneSpan has over 10,000 customers including over half of the top 100 global banks.
