OneSpan-Nok Nok Partnership to Target Financial Services

“The partnership will also help OneSpan to launch software, SDK, and server solutions supporting the new FIDO2 authentication standard, which OneSpan says it will launch later this year.”

OneSpan and Nok Nok Labs have announced a new partnership aimed at promoting their solutions to the financial services sector.

The partnership will revolve around the OneSpan Mobile Security Suite and the Nok Nok S3 Authentication Suite, both of which are designed to replace password-based security with more sophisticated authentication mechanisms. The companies are offering their solution as a means of helping financial organizations to develop mobile apps that support things like biometric authentication, geolocation, device identification, and runtime application self-protection, among others.

The partnership will also help OneSpan to launch software, SDK, and server solutions supporting the new FIDO2 authentication standard, which OneSpan says it will launch later this year.

In a statement announcing the partnership, Nok Nok Labs CEO Phillip Dunkelberger said it’s one “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,” adding, “Nok Nok and OneSpan is a sum greater than the parts.”

The partnership comes about a month after OneSpan’s rebranding from its previous name, VASCO Data Security, and its acquisition of e-signature specialist Dealflo.

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June 29, 2018 – by Alex Perala