Belgian Neobank selects OneSpan to protect digital banking channels

By Edlyn Cardoza

OneSpan™, a global leader in digital banking security and e-signatures, recently announced that Belgian challenger bank NewB has deployed OneSpan Cloud Authentication and Mobile Security Suite to seamlessly secure its digital channels. OneSpan’s technology provides a scalable authentication framework that also enables NewB to be compliant with PSD2 requirements.

NewB is a digital-only bank whose customers rely on its mobile application for all transactions, making ease of use and strong security key requirements. Using OneSpan Cloud Authentication and Mobile Security Suite with application shielding, NewB can ensure the integrity and protection of its app and customer data while also helping detect and mitigate mobile malware attacks. Using OneSpan’s cloud technologies, NewB plans to scale the number of customers by more than 300 percent this year.

Financial institutions entering or expanding within the financial services market benefit from the scalability and cost-effectiveness of cloud solutions. This trend is not limited to new players, with 40 percent of retail banks indicating they plan to start cloud migration projects to improve agility, manage costs, and meet customer expectations for innovative technology and digital engagement.

“We were very impressed with the 25 years of experience OneSpan has as a leader in mitigating fraud and helping banks meet regulatory compliance requirements,” said NewB Product Manager, Adrien Liénard. “We partnered with OneSpan for its expertise and ease of implementation, which helped us successfully obtain our banking license and go to market. From the launch of our services, we were able to offer our customers an easy-to-use and secure digital banking experience.”

OneSpan VP of Sales EMEA South, Christian Hertsens, said, “Banks of all sizes need to balance a convenient customer experience with security and meeting compliancy rules required in the financial services industry. By using cloud services, banks and other FIs can quickly adapt to changes in the market and their own shifting needs by relying on OneSpan to manage security and adhere to regulatory compliance requirements.”