Orange Money Romania will use OneSpan to secure mobile banking app against fraud
US-based OneSpan has announced that mobile-only bank Orange Money, has integrated OneSpan’s Intelligent Adaptive Authentication (IAA) to help fight online and mobile fraud, according to thepaypers.com.
The company specialising in securing remote banking transactions offers its IAA service to Orange Money, a subsidiary of Romania’s telecom provider Orange, enabling it to secure its mobile banking application and authenticate mobile transactions while detecting and preventing against mobile malware.
Using IAA, Orange Money can protect its customers through a range of multifactor authentication technologies. IAA also offers pre-configured, customizable rule sets for threat detection together with AI-based machine learning, behavioural analysis, and transaction risk analysis.
IAA is built on OneSpan’s Trusted Identity (TID) platform, which brings together a portfolio of technologies to enable real-time fraud detection through a set of cloud-based solutions.
Watch the video below to see how it works
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
