Belfius Bank in Belgium has partnered with OneSpan to protect its customers from cybercrime and mobile banking frauds.
The lender has integrated OneSpan Mobile Security Suite (MSS) into its mobile app to make banking transactions safer.
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OneSpan’s MSS provides biometric authentication, mobile application security, risk analysis and other safety features to prevent frauds.
Belfius Signing and Authentication project manager Jonas De Dobbeleer said: “OneSpan’s technology supports our vision of delivering a secure app.
“We have long used OneSpan’s hardware authentication devices and are incorporating OneSpan’s technology into our app to provide our customers with strong security without impacting the user experience.”
OneSpan CEO Scott Clements said: “Fraudsters are increasingly targeting the digital channel given pandemic-related adoption and changing consumer preferences.
“Our mobile security suite is key to a bank’s ability to detect digital fraud by continuously monitoring and improving online and mobile app security in a way that is invisible to the consumer.
“Technologies like app shielding, biometric authentication and encrypted transaction signing enable financial services organizations to identify and fight fraud like man-in-the-middle attacks while maintaining trust and driving adoption.”
Belfius Bank has around 1.5 million mobile users.
OneSpan is a cybersecurity technology company based in Chicago, Illinois. According to the company, OneSpan’s Trusted Identity platform and security solutions are used by more than half of the top 100 global banks.
Last year, Sony Bank tapped OneSpan to improve the customer banking experience and prevent mobile attacks.
