OneSpan’s FIDO Authentication Technology to Support Japan's TSUBASA Alliance Banking Security Initiative

Participating banks will establish shared authentication infrastructure for their mobile personal banking applications.

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OneSpan will support a shared initiative designed to strengthen mobile banking security for participating banks

BOSTON & TOKYO--(BUSINESS WIRE)-- OneSpan Inc. (NASDAQ: OSPN) today announced that its FIDO authentication technology has been selected to support an initiative involving participating banks of Japan’s TSUBASA Alliance. Under the initiative, the participating banks will establish a shared authentication infrastructure for use in their mobile personal banking applications.

As account takeover attacks and phishing fraud continue to challenge financial institutions, banks are prioritizing stronger authentication to protect customer accounts and digital transactions without adding friction to the sign-in experience. FIDO authentication uses public-key cryptography to provide phishing-resistant authentication while letting customers sign in easily using their device’s built-in security features, such as platform biometrics. Through this initiative, participating banks can adopt FIDO-based authentication using shared infrastructure. This approach is intended to improve implementation efficiency while supporting consistent authentication security across the participating banks.

“Financial institutions need authentication that strengthens security without compromising the digital banking experiences customers expect,” said Victor Limongelli, CEO of OneSpan. “The TSUBASA Alliance joint initiative demonstrates how a shared approach can help regional banks advance authentication more efficiently while addressing evolving security requirements. We’re proud that OneSpan has been selected to support this initiative and to bring our experience in FIDO authentication and financial services to Japan’s regional banking market.”

Advancing FIDO Authentication in Japan

This selection reinforces OneSpan’s commitment to the Japanese market, including continued investment in its products and collaboration with local technology partners to make FIDO authentication and passkeys broadly available across Japan. OneSpan brings extensive experience supporting strong forms of multifactor authentication, including FIDO authentication and passkey deployments in Japan, particularly in financial services. DigipassONE Authenticate offers a comprehensive range of authentication options, giving organizations the flexibility to deploy FIDO authentication and passkeys in ways that meet their specific technical, operational, and regulatory requirements.

About TSUBASA Alliance

The TSUBASA Alliance is a wide-area collaboration framework for regional banks in Japan that does not involve management integration, launched in October 2015 by three banks: The Chiba Bank, The Daishi Bank (now The Daishi Hokuetsu Bank), and The Chugoku Bank. Since its launch, the alliance has grown steadily year after year while firmly preserving each member bank's independence, and it currently comprises 10 banks.: The Chiba Bank, The Daishi Hokuetsu Bank, The Chugoku Bank, The Iyo Bank, The Toho Bank, North Pacific Bank (Hokuyo Bank), The Musashino Bank, The Shiga Bank, Bank of the Ryukyus, and The Gunma Bank. (URL: https://tsubasa-al.co.jp)

About OneSpan

OneSpan helps organizations build secure, seamless, and trusted digital experiences through two solution portfolios: Cybersecurity and Digital Agreements. Our cybersecurity solutions protect identities, secure mobile apps, and safeguard access through advanced high-assurance authentication, threat intelligence, fraud prevention, and robust mobile app protection, defending users, devices, and applications against sophisticated attacks. Our digital agreements solutions streamline agreement workflows with secure e-signatures, identity verification, and smart digital forms, built to enable speed, compliance, and exceptional customer experiences. Trusted by leading global enterprises, including more than 60% of the world’s 100 largest banks, OneSpan processes over 100 million digital agreements and billions of secure authentication transactions across more than 120 countries each year.

For more information, visit our website, explore our blog, or follow us on LinkedIn, YouTube, or @OneSpan on X.

Copyright© 2026 OneSpan North America Inc., all rights reserved. OneSpan®, the “O” logo, Digipass®, and DigipassONE^TM are registered or unregistered trademarks of OneSpan North America Inc. or its affiliates in the U.S. and other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261110111388/en/

Media contact: 
Nicole Bosgraaf
Senior Director, Brand & Communications
+1-401-219-2131
nicole.bosgraaf@onespan.com

Investor contact: 
Joe Maxa
Vice President of Investor Relations
+1-312-766-4009
joe.maxa@onespan.com

Source: OneSpan Inc.

Key Terms

fido authentication technical

FIDO authentication is an industry standard for making online logins more secure by letting users sign in with a device (like a phone, security key, or fingerprint) instead of a password. Think of it as a unique digital key stored on your device that proves your identity to a website without sending a reusable secret. Investors care because it lowers the risk and cost of data breaches, helps meet security rules, and can boost customer trust and retention.

public-key cryptography technical

Public-key cryptography uses a matched pair of digital keys — one shared openly and one kept secret — to lock and unlock data and confirm who sent a message, like a mailbox with a public slot for deposits and a private key to open it. Investors care because it underpins secure online transactions, protects customer data and corporate systems, and therefore affects a company’s exposure to cyberattacks, regulatory fines, and trust-driven revenue risks.

multifactor authentication technical

Multifactor authentication is a security method that requires users to prove their identity with two or more different checks—something they know (like a password), something they have (like a phone or code generator), or something they are (like a fingerprint). For investors, it matters because it greatly lowers the risk of unauthorized access to trading accounts, corporate systems, or sensitive financial records; that protection helps prevent theft, operational disruptions, regulatory fines and damage to shareholder value.