John Brown
Member
OneSpan has secured a technology selection by Japan's TSUBASA Alliance to strengthen mobile banking security across participating regional banks. The FIDO authentication technology for mobile banking will support a shared authentication infrastructure for participating banks' personal banking applications. The initiative aims to improve phishing resistance, protect customer accounts, and simplify secure authentication through device-based security features.
TSUBASA Alliance Adopts Shared FIDO Authentication Infrastructure
The TSUBASA Alliance plans to establish a common authentication infrastructure that participating banks can use across their mobile banking applications.This shared approach allows regional financial institutions to adopt FIDO-based authentication without independently building separate authentication systems. It also helps banks improve implementation efficiency while maintaining consistent security standards across their mobile banking services.
The alliance brings together 10 regional banks in Japan while allowing each member institution to maintain its operational independence.
FIDO Technology Strengthens Protection Against Phishing
Financial institutions continue to face account takeover attacks, phishing campaigns, and digital payment fraud. These threats make stronger identity verification essential for protecting customer accounts and transactions.OneSpan's FIDO authentication technology uses public-key cryptography to provide phishing-resistant authentication. Customers can verify their identities through built-in device security features, including biometric authentication.
Unlike traditional password-based methods, FIDO authentication relies on cryptographic credentials associated with users' devices. This approach helps reduce exposure to stolen passwords and phishing attacks while maintaining a convenient sign-in experience.
OneSpan Expands Its Digital Banking Security Presence in Japan
The selection strengthens OneSpan's commitment to Japan's financial services market. The company continues investing in its authentication products and working with local technology partners to expand access to FIDO authentication and passkeys.OneSpan brings experience in multifactor authentication and financial services security to the initiative. Its DigipassONE Authenticate platform offers different authentication options, allowing financial institutions to select deployment approaches that meet their technical, operational, and regulatory requirements.
The platform supports FIDO authentication and passkeys, helping banks modernize customer identity verification while maintaining strong security controls.
Shared Infrastructure Improves Deployment Efficiency
The TSUBASA Alliance's collaborative model can help member banks reduce the complexity of implementing modern authentication systems.Instead of developing separate infrastructures, participating institutions can use a shared platform to introduce FIDO-based authentication across their mobile banking applications.
This model can improve deployment efficiency, support consistent security practices, and reduce duplicated implementation efforts. It also gives regional banks an opportunity to strengthen digital security while preserving their individual operations.
OneSpan Supports Japan's Regional Banking Security Initiative
Victor Limongelli, CEO of OneSpan, emphasized the importance of balancing stronger authentication with convenient digital banking experiences. He noted that shared infrastructure can help regional banks advance authentication more efficiently while addressing evolving security requirements.The selection highlights the growing importance of phishing-resistant authentication in financial services. By combining OneSpan's FIDO technology with the TSUBASA Alliance's collaborative banking framework, participating institutions aim to improve mobile banking protection and strengthen customer trust.
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