Belfius Bank, OneSpan mitigate mobile banking fraud

Wednesday 26 May 2021 11:39 CET | News

Remote banking transactions security provider OneSpan has announced that Belgium-based Belfius Bank has integrated its OneSpan Mobile Security Suite (MSS) solution.

By integrating the solution into its mobile app will allow Belfius Bank to help protect its customers from the growing impact of cybercrime. OneSpan’s technology provides biometric authentication, risk analysis, and other app security best practices behind the scenes to improve the experience of the bank’s 1.5 million mobile users. Customer satisfaction is key for Belfius, which is why the bank developed a mobile application that goes beyond traditional banking. With its ‘super app’, Belfius provides customers with access to the bank’s financial services, as well as to third-party services such as cardless fueling, on-street parking, and bus tickets. OneSpan helps protect transactions made through the app while delivering a hassle-free authentication process.  

Mobile malware attacks increased in the latter half of 2020, with Kaspersky uncovering 156,710 new mobile banking trojans. MSS detects and mitigates these threats and related fraud, and helps ensure the integrity and protection of apps and data with application shielding. MSS also provides a mobile app security framework that allows Belfius to deploy new authentication and advanced security modules as needed and with minimal development.  

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Keywords: mobile banking, biometric authentication, fraud detection, fraud prevention
Categories: Banking & Fintech | Digital Identity, Security & Online Fraud
Countries: Belgium
This article is part of category

Banking & Fintech