Poland's Bank Millennium selects OneSpan to secure corporate banking services

Friday 15 November 2019 10:45 CET | News

Bank Millennium, a Polish bank, has implemented Cronto technology from OneSpan, a global software for trusted identities provider, to secure its corporate banking customers.

Bank Millennium has selected OneSpan’s Cronto technology, a patented visual transaction signing solution, that uses a graphical coloured cryptogram to encrypt transaction details. Implementing Cronto will enable for instance batch transaction signing.

Cronto helps secure transactions by enabling users to check transaction details like amount and account number before signing the transaction. The technology also helps counter trojans such as man-in-the-browser or man-in-the-middle attacks by establishing a secure connection between the device and the bank.

Bank Millennium is one of many financial institutions across Europe using Cronto technology to defend against sophisticated attacks, while meeting the PSD2 requirements. OneSpan recently announced successful deployments with Volkswagen Bank and United Bulgarian Bank that use Cronto to sign online transactions.

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Keywords: Cronto, OneSpan, partnership, security transactions, PSD2, Trojans, corporate banking, bank, Bank Millennium
Categories: Fraud & Financial Crime
Countries: Poland
This article is part of category

Fraud & Financial Crime

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