Press release
BankID Expands Digital Identity Protection with OneSpan, Extending to Millions of Customers
OneSpan and BankID plan to unlock cross-border transactions with partnership expansion to all Norwegian Banks CHICAGO--(BUSINESS WIRE)-- OneSpan (NASDAQ:
About this update from Onespan Inc.
[{"type":"text","content":"\nOneSpan and BankID plan to unlock cross-border transactions with partnership expansion to all Norwegian Banks\n\n CHICAGO--(BUSINESS WIRE)--\nOneSpan (NASDAQ: OSPN), the digital agreements security company, today announced a significant expansion of its OneSpan Cloud Authentication service with BankID. BankID first launched with OneSpan in September 2021 and has already reached a multi-million user milestone that is expected to continue growing as BankID’s technology adoption increases. This expanded partnership further solidifies the crucial role BankID has entrusted to OneSpan to provide high-assurance security and meet compliance standards within the Norwegian critical national infrastructure.\n\nIssued through more than 90 banks and 9,000 merchants, including tax authorities, real estate agents, and education institutions, BankID is by far the most widely-used personal e-ID that provides secure and simple identity authentication and digital signing in Norway. Today, more than four million Norwegians use BankID daily to do their banking, shop online or access vital public digital services.\n\nOneSpan’s Cloud Authentication service, combined with its award-winning Mobile Security Suite and App Shielding technologies, are helping secure Norway’s digital identity applications. OneSpan Cloud Authentication is a modern cloud-based solution designed to allow companies around the world to connect to a high-security orchestrated authentication service and quickly achieve complete user base coverage. The collaboration between BankID and OneSpan enables the most important digital interactions to be delivered with the highest security through mobile identity provisioning, strong user authentication, transaction security, and digital signing. Bringing together an array of next-generation digital identity solutions, this partnership delivers on what consumers are increasingly calling for: simple yet highly secure access to their financial and non-financial applications with a single identity.\n\n“BankID is, and will continue to remain, a central part of our users' daily lives,” said Jan Bjerved, Head of BankID. “We are strong believers in creating magic for the users in terms of experience, with as little friction as possible and users feeling safe and secure when using our services. Our trust in OneSpan is based on their proven solutio...