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BBVA selects Nok Nok Labs for boosting mobile banking services

BBVA has announced its partnership with authentication solutions company Nok Nok Labs in a bid to enhance the security and user experience of its mobile banking services through its biometric capabilities.

According to the supplier, Nok Nok will enable the bank to offer authentication solutions through more focus on user privacy. The agreement will also allow BBVA to implement the FIDO (Fast Identity Online) standard, promoted by FIDO Alliance, in its mobile banking services. This is expected to reinforce the security of biometric authentication systems in web and mobile applications.

“Traditionally, one of the biggest challenges of authentication systems has been to balance security with user experience. Due to the FIDO standard, we are confident that both elements work together seamlessly to provide customers with the highest security standards, along with transparent and agile user experience. In this way, we can improve the ability of our clients to interact with us in a more natural way,” said Juan Francisco Losa, BBVA’s Global Technology Information Security Officer.

Nok Nok will also provide BBVA with an interoperable solution for supporting its adaptation to industry standards and global regulations.

“Having a simple and robust authentication process on mobile devices is integral for protecting customer privacy,” said Phillip Dunkelberger, CEO of Nok Nok. “We are very proud to partner with BBVA and this is a fantastic collaboration for Nok Nok because it will allow us to introduce the latest innovations in authentication for customers, through a simple, transparent and secure experience. This agreement will allow us to continue expanding our international presence.”

Recently, BBVA launched product sales on Amazon with products from Spanish restaurant El Celler de Can Roca, in an explorational move to eventually offer banking products on the e-commerce platform.

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