News

Erste Bank Hungary integrates OneSpan's Mobile Security Suite into its banking app MobilBank

Tuesday 24 March 2020 13:41 CET | News

OneSpan has announced that Erste Bank Hungary has integrated OneSpan’s Mobile Security Suite into its banking app MobilBank. 

Erste Bank Hungary selected Mobile Security Suite to enable and protect online and mobile transactions and to comply with PSD2 requirements for authentication and dynamic linking. 

The European Payment Council has stated that social engineering attacks continue to increase and remain instrumental in fraud schemes, often in combination with malware. Erste Bank Hungary chose to implement OneSpan’s Mobile Security Suite to protect against potential social engineering and malware attacks directed at its customers. OneSpan’s technology enables banks to integrate application shielding, biometric authentication and transaction signing. 

Erste Bank Hungary added Mobile Security Suite’s Cronto visual transaction signing to replace the bank’s SMS authentication with push authentication for login and transaction signing. This new process improves security and eliminates significant costs related to SMS delivery. OneSpan’s Cronto technology also helps fight social engineering attacks like phishing, while enhancing the customer experience by  enabling transaction signing using a color QR code. 

More than 10,000 customers, including global banks, rely on OneSpan solutions to protect their relationships and business processes. From digital onboarding to fraud mitigation to workflow management, OneSpan’s unified platform reduces costs and accelerates customer acquisition.

 


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Keywords: Erste Bank Hungary, OneSpan, banking app, MobilBank, mobile banking
Categories: Banking & Fintech | Online & Mobile Banking
Countries: Hungary
This article is part of category

Banking & Fintech