DenizBank unites with OneSpan as mobile payments increase

OneSpan, the global specialists in securing remote banking transactions has announced a new collaboration with Turkish bank, DenizBank

The partnership seeks to utilise OneSpan’s Mobile Security Suite to protect 2.6 million mobile customers across the bank’s mobile banking app MobilDeniz, mobile wallet fastPay and card management application DenizKartım.

DenizBank Deputy Chief Digital Officer, Gürhan Cam commented: “Our bank is driven to innovate and deliver an outstanding customer experience at all times in everything we do, which requires the convenience and scalability of technology like OneSpan’s.

“OneSpan solutions deliver security and convenience for our customers, which is why we are also exploring how they can deliver digital account opening and risk analytics in the future.”

It comes as mobile attacks like malware and banking trojans have been increasing significantly during the pandemic. 

OneSpan CEO, Scott Clements added: “Global banks are under significant pressure in responding to pandemic-driven security, customer access, and cost pressures while balancing the immediate need for expanded mobile solutions. 

“OneSpan’s technologies, like Mobile Security Suite, give banks a quick and easy way to implement security measures without compromising the user experience.”

Additionally, OneSpan’s technology helps DenizBank meet the Turkish Banking Regulation and Supervision Agency (BRSA) regulation for strong customer authentication in mobile banking applications. This competitive win sees DenizBank join Odeabank and several other banks in Turkey already using Mobile Security Suite.

Expert Analysis: This partnership is well-positioned to boost the Turkish bank as it continues to accommodate the exponential rise in mobile payments during COVID-19.