FB pixel

OneSpan integrates with Avaloq to bring fraud detection to more banks

 

Global fintech leader Avaloq has integrated anti-fraud technology from OneSpan into its cloud-based banking platform to enable banks to secure access, transactions and identities using open APIs.

Avaloq’s software-as-a-service (SaaS) and business-process-as-a-service (BPaaS) solutions for financial institutions have processed more than $4.5 trillion in assets, and its customers include HSBC, Barclay’s, Royal Bank of Scotland, Deutsche Bank, and Societe General, according to the announcement. Integrating OneSpan allows them to easily add mobile authentication, transaction signing, and multifactor authentication to their services, helping to prevent account takeover, mobile malware, social engineering, and other attacks.

The partnership builds on OneSpan’s strategic global alliances program to connect leading integrators and third-party technologies with the OneSpan Trusted Identity (TID) platform. By bringing together OneSpan’s portfolio of security technologies, TID enables real-time fraud detection through its cloud-based, open API platform. OneSpan’s Intelligent Adaptive Authentication was named the Best Fintech Solution at the 2019 SIIA CODiE Awards for its real-time fraud detection capabilities weeks ago.

OneSpan’s solutions will be available through the avaloq.one platform. Avaloq CEO Thomas Beck says the partnership will allow it to provide innovative solutions to help banks and wealth managers lower the time and cost of implementations.

“Avaloq is a strategic fit for OneSpan given our crossover in customer accounts, mutual focus on financial institutions and the increased demand for embedding our security solutions in core banking platform services,” says OneSpan Vice President of Global Alliances Xavier Juredieu. “We have already seen quick adoption in Switzerland and Germany and will soon expand worldwide to meet the needs of Avaloq’s customers.”

Article Topics

 |   |   |   |   |   |   | 

Latest Biometrics News

 

Biometrics and injection detection for deepfake defense a rising priority

Biometrics integrations with injection attack detection to defend the latest front in the global battle against fraud, deepfakes, is the…

 

Biometric Update Podcast looks at the road to a global standard for age assurance

Episode 2 of the Biometric Update Podcast is a dispatch from the 2025 Global Age Assurance Standards Summit, held from…

 

WEF launches new DPI initiative focused on emerging tech, including biometrics

Global Digital Public Infrastructure (DPI) initiatives are lagging behind emerging technologies such as AI, which could lead to inefficiencies, bottlenecks…

 

Odds are good for biometrics firms in the global gambling sector

Gambling has always been a vice associated with certain kinds of criminal activity, but the development of the online gambling…

 

New Zealand issues tender for digital ID services accreditation infrastructure

New Zealand’s accredited digital identity services regulator, the Trust Framework Authority (TFA), has published a request for information (RFI) for…

 

Pindrop surpasses $100M in annual recurring revenue, kicks off BU podcast

A release from Atlanta-based voice biometrics firm Pindrop celebrates a milestone: the firm has surpassed US$100 million in Annual Recurring…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events