OneSpan Inc. officially announced today that member financial institutions in Japan’s TSUBASA Alliance selected its FIDO authentication technology. Participating regional institutions will construct a unified authentication platform across mobile banking applications under this collaborative effort.
Building Phishing-Resistant Infrastructure
Meanwhile, financial institutions face escalating account takeover attacks and sophisticated digital fraud attempts globally. Therefore, regional banks prioritize advanced identity verification controls to safeguard online customer transactions effectively.
FIDO authentication uses public key cryptography to protect users with a phishing-proof solution. Customers can easily authenticate using built-in device features like biometric identification. Members of the TSUBASA Alliance work together to make it easier to deploy technologies and create a consistent, high-quality security standard throughout regional banks.
“Financial institutions need authentication that strengthens security without compromising the digital banking experiences customers expect,” said Victor Limongelli, CEO of OneSpan. “The TSUBASA Alliance joint initiative demonstrates how a shared approach can help regional banks advance authentication more efficiently while addressing evolving security requirements. We’re proud that OneSpan has been selected to support this initiative and to bring our experience in FIDO authentication and financial services to Japan’s regional banking market.”
Expanding Market Footprint Across Japan
Additionally, this strategic partnership reinforces OneSpan’s long-term commitment to expanding cybersecurity solutions throughout the Japanese market. The enterprise continues investing in localized technology integrations to make passkeys and FIDO security widely accessible.
The OneSpan platform has already delivered Multi-Factor Authentication solutions to financial institutions in Asia. Its DigipassONE Authenticate platform has flexible deployment of FIDO and passkey authentication. This means that banks can be flexible with their implementation of authentication technologies to meet strict requirements.
A central infrastructure also reduces costs for each financial institution in the TSUBASA Alliance. Member banks have a quicker time to deploy modern authentication solutions.
Overall, this gives regional financial institutions in the TSUBASA Alliance the ability to combat digital threats. The TSUBASA Alliance can create a robust security model using the OneSpan technology.
For related updates on digital trust and cybersecurity, explore our SOC News.
News Source: Businesswire
