Nok Nok Announces Partnership with OneSpan to Bring FIDO-based Solutions to Banks & Financial Institutions
We selected to partner with OneSpan to specifically address the growing need for authentication that is interoperable, secure, provides privacy and regulatory compliance in the financial market and for OneSpan’s strengths in fraud-mitigation. The OneSpan Mobile Security Suite (formerly DIGIPASS for Apps) along with the Nok NokTM S3 Authentication Suite, will enable banks and financial institutions to offer secure mobile or online applications without compromising the user experience and provides universal support for all of the FIDO standards.
The FIDO ecosystem has made remarkable progress in the last six months. Nok Nok products now service over 145M+ users, and we’re seeing an expansion in use cases at most of our customers. MasterCard and EMVCo have issued guidelines that FIDO Biometrics will be requirement for 3DSv2 (Card Not Present transactions), FIDO has a defined role in meeting PSD2 and GDPR requirements, and the NIST 800-63 guidelines are gathering steam as federal agencies start to build towards plans to deprecate SMS OTP. Those NIST guidelines are being reflected around the world in the UK, Korea and other geographies, and while FIDO may or may not be referenced by name, its core principles and guidelines are being incorporated into regulatory requirements.
We have seen a marked uptick in interest for Nok Nok’s Authentication Server following the FIDO2/WebAuthn news and our joint demo at RSA with Google and Microsoft in April. We look forward to bringing our vision for modern authentication based on the FIDO protocols we authored to OneSpan customers around the world.
For more information about this partnership and offering, or if you would like to learn more about how to partner with Nok Nok, please visit our Contact Page.