{"id":910649,"date":"2025-11-17T08:20:31","date_gmt":"2025-11-17T13:20:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sumitomo-mitsui-trust-bank-advances-mobile-banking-security-with-scsk-and-onespans-fido-cloud-authentication-solution\/"},"modified":"2025-11-17T08:20:31","modified_gmt":"2025-11-17T13:20:31","slug":"sumitomo-mitsui-trust-bank-advances-mobile-banking-security-with-scsk-and-onespans-fido-cloud-authentication-solution","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sumitomo-mitsui-trust-bank-advances-mobile-banking-security-with-scsk-and-onespans-fido-cloud-authentication-solution\/","title":{"rendered":"Sumitomo Mitsui Trust Bank Advances Mobile Banking Security with SCSK and OneSpan\u2019s FIDO Cloud Authentication Solution"},"content":{"rendered":"

<\/p>\n

Sumitomo Mitsui Trust Bank Advances Mobile Banking Security with SCSK and OneSpan\u2019s FIDO Cloud Authentication Solution<\/b><\/p>\n

Japan\u2019s largest trust bank takes action to protect customers from account takeover and advanced phishing threats with FIDO authentication solution<\/i><\/p>\n

BOSTON & TOKYO–(BUSINESS WIRE<\/a>)–
\nOneSpan Inc. (NASDAQ: OSPN) today announced that Sumitomo Mitsui Trust Bank<\/a> (SuMiTB), Japan\u2019s largest trust bank, has chosen SCSK Corporation<\/a> and OneSpan to strengthen its mobile banking security and address the growing threat of phishing-related fraud. Building on OneSpan\u2019s experience with many on-premises FIDO authentication deployments in Japan, this collaboration marks the first deployment of OneSpan\u2019s cloud-based FIDO authentication<\/a> solution for mobile banking in Japan, made possible by the combined expertise of SCSK and OneSpan. By adopting a future-ready FIDO authentication solution, SuMiTB is taking a significant step toward modernizing its security infrastructure and better protecting its customers in an evolving digital landscape.<\/p>\n

\nThis deployment comes at a pivotal moment, as Japan faces escalating account takeover fraud losses totaling approximately \u00a5690 billion<\/a> in 2025 alone, along with new regulatory mandates for stronger multi-factor authentication. In alignment with recent directives issued by Japan\u2019s Financial Services Agency (FSA), the FSA has proposed amendments<\/a> to its supervisory guidelines that would make phishing-resistant authentication mandatory for financial institutions. This integration reinforces the growing momentum for FIDO authentication in Japan\u2019s financial sector and highlights a scalable approach for institutions aiming to strengthen security and meet evolving regulatory standards.<\/p>\n

\nWhile FIDO authentication has traditionally been used for login verification, SuMiTB is taking a significant step forward by planning to integrate FIDO authentication directly into mobile banking transactions. This approach is designed to eliminate account impersonation risks and establish one of Japan\u2019s most advanced security frameworks. The solution aims to safeguard customers against account takeover attacks and sophisticated phishing schemes by securing transactions and delivering a seamless, secure digital banking experience.<\/p>\n

\n\u201cWe are proud to be chosen by SuMiTB and SCSK for this landmark project,\u201d said Victor Limongelli, CEO at OneSpan. \u201cThis selection not only underscores OneSpan\u2019s leadership and credibility in Japan\u2019s rapidly evolving FIDO market, but also demonstrates our ability to deliver enterprise-scale, phishing-resistant authentication that meets the highest regulatory standards. We are committed to helping financial institutions protect their customers and set new benchmarks for digital security.\u201d<\/p>\n

OneSpan Cloud Authentication<\/a> (\u201cOCA\u201d) is a modern, cloud-based multi-factor authentication solution designed to help banks and businesses secure online applications and digital transactions. Built for rapid deployment and scalability, the platform enables organizations to meet strict regulatory requirements and deliver a seamless user experience across digital channels. OCA is part of OneSpan\u2019s comprehensive authentication portfolio<\/a> for digital banking security. Whether on-premises or in the cloud, software or hardware\u2014including Digipass protocols, FIDO protocols (FIDO UAF, passkeys), and Cronto solutions for visual transaction signing\u2014OneSpan provides its customers with maximum flexibility to meet their authentication needs.<\/p>\n

\n\u201cWe are honored to support SuMiTB in deploying OneSpan\u2019s cloud-based FIDO authentication solution for mobile banking,\u201d said Hideho Masuda, Senior Executive Officer, SCSK Corporation. \u201cThis implementation demonstrates SCSK\u2019s commitment to providing advanced, secure authentication solutions to the Japanese financial sector, and highlights the strength of our partnership with OneSpan.\u201d<\/p>\n

About SCSK Corporation<\/b><\/p>\n

\nSCSK Corporation delivers comprehensive IT solutions spanning consulting, system development, verification services, IT infrastructure deployment, IT management, hardware and software distribution, and business process outsourcing (BPO). The company drives innovation through strategic partnerships with customers and society, addressing complex challenges across diverse industries and market segments through technology-enabled transformation. https:\/\/www.scsk.jp\/<\/a><\/p>\n

About OneSpan<\/b><\/p>\n

\nOneSpan provides secure authentication, identity, electronic signature and digital workflow solutions that protect and facilitate digital transactions and agreements. The Company delivers products and services that automate and secure customer-facing and revenue-generating business processes for use cases ranging from simple transactions to workflows that are complex or require higher levels of security. Trusted by global blue-chip enterprises, including more than 60% of the world\u2019s 100 largest banks, OneSpan processes millions of digital agreements and billions of multi-factor authentication transactions in 100+ countries annually.<\/p>\n

\nFor more information, please visit our website, explore our blog<\/a>, or follow us on LinkedIn<\/a> or YouTube<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251117018209\/en\/<\/a><\/span><\/p>\n

Media contact:
\n<\/b>
Nicole Bosgraaf
\n
Director, Brand & Communications
\n
+1-401-219-2131
\n
nicole.bosgraaf@onespan.com
\n<\/a><\/p>\n

Investor contact:
\n<\/b>
Joe Maxa
\n
Vice President of Investor Relations
\n
+1-312-766-4009
\n
joe.maxa@onespan.com<\/a><\/p>\n

KEYWORDS:<\/b> Massachusetts United States Japan North America Asia Pacific<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Technology Professional Services Payments Online Privacy Digital Cash Management\/Digital Assets Security Software Mobile\/Wireless Hardware Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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\"Logo\"<\/td>\n<\/tr>\n
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Sumitomo Mitsui Trust Bank Advances Mobile Banking Security with SCSK and OneSpan\u2019s FIDO Cloud Authentication Solution Japan\u2019s largest trust bank takes action to protect customers from account takeover and advanced phishing threats with FIDO authentication solution BOSTON & TOKYO–(BUSINESS WIRE)– OneSpan Inc. (NASDAQ: OSPN) today announced that Sumitomo Mitsui Trust Bank (SuMiTB), Japan\u2019s largest trust bank, has chosen SCSK Corporation and OneSpan to strengthen its mobile banking security and address the growing threat of phishing-related fraud. Building on OneSpan\u2019s experience with many on-premises FIDO authentication deployments in Japan, this collaboration marks the first deployment of OneSpan\u2019s cloud-based FIDO authentication solution for mobile banking in Japan, made possible by the combined expertise of SCSK and OneSpan. By adopting a future-ready FIDO … <\/p>\n

Continue reading “Sumitomo Mitsui Trust Bank Advances Mobile Banking Security with SCSK and OneSpan\u2019s FIDO Cloud Authentication Solution”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-910649","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSumitomo Mitsui Trust Bank Advances Mobile Banking Security with SCSK and OneSpan\u2019s FIDO Cloud Authentication Solution - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sumitomo-mitsui-trust-bank-advances-mobile-banking-security-with-scsk-and-onespans-fido-cloud-authentication-solution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sumitomo Mitsui Trust Bank Advances Mobile Banking Security with SCSK and OneSpan\u2019s FIDO Cloud Authentication Solution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Sumitomo Mitsui Trust Bank Advances Mobile Banking Security with SCSK and OneSpan\u2019s FIDO Cloud Authentication Solution Japan\u2019s largest trust bank takes action to protect customers from account takeover and advanced phishing threats with FIDO authentication solution BOSTON & TOKYO–(BUSINESS WIRE)– OneSpan Inc. (NASDAQ: OSPN) today announced that Sumitomo Mitsui Trust Bank (SuMiTB), Japan\u2019s largest trust bank, has chosen SCSK Corporation and OneSpan to strengthen its mobile banking security and address the growing threat of phishing-related fraud. Building on OneSpan\u2019s experience with many on-premises FIDO authentication deployments in Japan, this collaboration marks the first deployment of OneSpan\u2019s cloud-based FIDO authentication solution for mobile banking in Japan, made possible by the combined expertise of SCSK and OneSpan. 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