ForgeRock partners with OneSpan to secure remote banking
By Pavithra R
ForgeRock, a multinational digital identity and access management software company announced that the firm has signed a strategic partnership with OneSpan, a global leader in securing remote banking transactions, to integrate OneSpan technologies into the ForgeRock Identity Platform.
Together, OneSpan and ForgeRock will help banks and financial institutions orchestrate identity and access management while protecting customers from fraud. The combined solution leverages OneSpan’s new integration with ForgeRock Intelligent Access to provide a single, open solution to simplify authentication, risk and fraud management.
“Online identity management and fraud prevention continue to be huge pain points for the financial industry, as fraud only increases due to Covid-19. As a result of this increase, partnerships like the one with OneSpan are even more important, and the tight integration with ForgeRock Intelligent Access will allow our joint customers to quickly realize better security and user experiences for their customer journeys,” said ForgeRock Senior Vice President of Corporate and Business Development, Ben Goodman.
Through the partnership, ForgeRock is bringing its identity and access management (IAM) platform with an intuitive visual configurator and extensive connectivity options. To which OneSpan is adding its multi-factor authentication and risk analytics, which use machine learning to identify and help protect against fraud in real-time. Within the ForgeRock platform, customers can now easily select OneSpan capabilities and drag and drop these into an intuitive workflow builder to create new authentication workflows.
“This alliance brings together two best of breed solutions to help banks and financial institutions fast track the implementation of intelligent adaptive authentication and fraud management across multiple lines of business. With our combined technologies, ForgeRock IAM customers get a single platform that adds extensive multi-factor authentication, fraud management and mobile security capabilities to efficiently manage and protect the entire digital banking journey,” said OneSpan’s Vice President of Global Alliances, Xavier Juredieu.
Founded in 2010, ForgeRock is a provider of identity platform for the identity & access management market. The platform is being used by more than 1,100 organisations including Aktia Bank, Agfa, BinckBank, Pearson, Axalta and more.
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