Leading Bank in Turkey Uses OneSpan’s Mobile App Security Solution to Handle Doubling of Demand from COVID-19
OneSpan’s scalability helps DenizBank protect millions of mobile banking users as the coronavirus pandemic drives massive increase in hacking attacks
OneSpan, the global leader in securing remote banking transactions, announced that leading Turkish bank, DenizBank, is using 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.
Mobile attacks like malware and banking trojans have been increasing at an alarming rate during the pandemic as mobile transactions increase. During this time, DenizBank’s daily mobile banking transactions volume has more than doubled. Using anti-fraud solutions from OneSpan, including Cronto visual transaction signing, DenizBank is able to help fight increases in fraud in a way that is scalable and seamless for its customers.
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“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,” said DenizBank Deputy Chief Digital Officer, Gürhan Cam. “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.”
“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,” said OneSpan CEO, Scott Clements. “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.