Case Study: a digital bank in Belgium achieves secure PSD2-compliant digital banking with OneSpan

a digital bank in Belgium goes live in 4 months with OneSpan

A digital bank in Belgium, the first new bank in the country in 40 years, faced the challenge of implementing robust security solutions to build trust, protect its brand, and meet a strict regulatory deadline to begin operations after obtaining its banking license. The bank needed to quickly deploy proven authentication and mobile security to defend against fraud and achieve compliance with PSD2. They selected OneSpan to provide cloud authentication and mobile security solutions.

OneSpan implemented its Cloud Authentication platform, featuring Cronto technology for transaction signing, and the Mobile Security Suite for app shielding. This provided strong protection against social engineering, banking Trojans, and mobile malware. The solution was deployed ahead of schedule, with the authentication system live in just four months and the mobile app shielding configured in days. This cost-effective and user-friendly approach from OneSpan facilitated PSD2 compliance and allowed the bank to launch its services on time.