Case Study: Global Bank achieves passwordless, fraud-resistant authentication with 1Kosmos

1Kosmos delivers a unified MFA platform to improve customer experience, reduce fraud, meet new compliance mandates and prepare the organization for a passwordless future

Global Bank faced a sudden government mandate to retire its legacy multi-factor authentication platform. The bank needed a new solution that could combat rampant fraud through modern mobile technology, specifically SIM binding, and deliver a superior, consolidated user experience for its millions of customers. They selected 1Kosmos for its unified MFA platform to meet these challenges.

The 1Kosmos solution provided a secure, passwordless platform with SIM binding functionality to prevent account takeover and meet compliance. This delivered an enhanced user experience, improved security, and enabled customers to self-manage their data. The implementation by 1Kosmos successfully supports 27 million customers and secures 1 million transactions per day.