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OneSpan’s FIDO Authentication Technology to Support Japan’s TSUBASA Alliance Banking Security Initiative

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OneSpan’s FIDO Authentication Technology to Support Japan’s TSUBASA Alliance Banking Security Initiative

OneSpan Inc. announced that its FIDO authentication technology has been selected to support an initiative involving participating banks of Japan’s TSUBASA Alliance. Under the initiative, the participating banks will establish a shared authentication infrastructure for use in their mobile personal banking applications.

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As account takeover attacks and phishing fraud continue to challenge financial institutions, banks are prioritizing stronger authentication to protect customer accounts and digital transactions without adding friction to the sign-in experience. FIDO authentication uses public-key cryptography to provide phishing-resistant authentication while letting customers sign in easily using their device’s built-in security features, such as platform biometrics. Through this initiative, participating banks can adopt FIDO-based authentication using shared infrastructure. This approach is intended to improve implementation efficiency while supporting consistent authentication security across the participating banks.

“Financial institutions need authentication that strengthens security without compromising the digital banking experiences customers expect,” said Victor Limongelli, CEO of OneSpan. “The TSUBASA Alliance joint initiative demonstrates how a shared approach can help regional banks advance authentication more efficiently while addressing evolving security requirements. We’re proud that OneSpan has been selected to support this initiative and to bring our experience in FIDO authentication and financial services to Japan’s regional banking market.”

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