Nok Nok. Who’s there? OneSpan
Security and esignature company OneSpan (formerly known as Vasco) has teamed with authentication firm Nok Nok Labs, one of the founding organisations of the FIDO Alliance, reports Julie Muhn at Finovate.
Under the deal, OneSpan and Nok Nok will launch a joint solution that combines OneSpan’s Mobile Security Suite with Nok Nok’s S3 Authentication Suite, a set of tools that help companies comply with FIDO standards by leveraging multi factor biometric authentication technology.
The solution offers phishing-resistance technology including geolocation, jailbreak and rootkit detection, device binding, device identification, and application shielding with runtime application self-protection (RASP).
Nok Nok Labs CEO and president Phillip Dunkelberger explains that while consumers are searching for a low-friction experience, financial services companies need to address regulatory requirements such as GDPR and PSD2.
“What better way to address these market demands than by combining the industry leader in financial services with innovation that includes a FIDO standards-based approach that won’t compromise on security, privacy and regulatory compliance,” he adds.
Hinting at future plans for OneSpan, the partnership with Nok Nok “will help support OneSpan’s launch of additional software, server and SDK support for the FIDO2 protocol later this year, complementing OneSpan’s existing support for FIDO standards through its Digipass SecureClick device and upcoming launch of the Digipass 785″.
OneSpan has more than 10,000 customers, including more than half of the top 100 global banks. Scott Clements is CEO.