Mizuho Bank taps Fujitsu solution with Nok Nok Labs authentication suite to secure mobile banking
Mizuho Bank, one of the largest in Japan, has deployed Fujitsud’s FIDO-enabled Finplex Online Authentication Service, featuring Nok Nok Labs’ S3 Authentication Suite, to provide easy-to-use authentication for the financial institution’s mobile banking customers.
The Nok Nok S3 Authentication Suite was integrated with Fujitsu’s biometric authentication service under a partnership formed in mid-2017. Mizuho Bank is one of the initial deployments of the integrated offering.
“Nok Nok Labs is the world-leader in FIDO-deployments and a powerful innovator in the authentication space,” said Michihiko Ejiri, VP, Head of Front Digital Service Division, Innovative IoT Business Unit, Fujitsu Limited. “Mizuho Bank is the first Japanese Bank to deploy a FIDO-certified solution, and we are pleased to have worked with Nok Nok Labs to enable it.”
Mizuho, which chose the solution for its high level of security and convenience, will use it for customer logins, but is also considering other ways to leverage the technology, according to the announcement.
“Regulations like the Payment Services Directive 2 (PSD2), the General Data Protection Regulation (GDPR) in Europe and other regulations in the United States will require advanced next-generation authentication capabilities like the ones we have built into the S3 Suite,” said Rajiv Dholakia, Vice President of Products at Nok Nok Labs. “Our partners around the world, like Fujitsu Limited, have seen and responded to this need to comply with regulations in a global way and take a strategic view of authentication. They have found that the S3 Suite is a simple, secure and scalable way to move towards compliance utilizing a standards-based framework.”
Nok Nok Labs also recently formed a partnership with NTT Data to provide it’s S3 Authentication Suite to NTT’s financial services, MNO, and public sector customers.