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Global security leader OneSpan joins the Open Identity Exchange to help drive secure digital ID adoption

OneSpan, the digital agreements security company, has joined the Open Identity Exchange (OIX) community to contribute to establishing and safeguarding trust in digital transactions and ensure the future success of digital ID worldwide.

Trusted by more than 60% of the world’s largest 100 banks and thousands of enterprises, OneSpan plays a crucial role in ensuring the integrity of digital identities to combat fraudulent behaviour and maintain the highest security standards.

Joining the OIX community, OneSpan will bring valuable insight on the way forward for trusted digital interactions. With multiple methods of digital interactions being adopted, organisations are facing increased levels of identity and credential fraud. OneSpan recognises the value of working with the OIX community to address challenges and ensure the future success of trusted digital identities.

OneSpan Chief Product Officer, Michael Klieman, said: “Security and trust are key to the future of digital ID adoption, which must be simple, user-friendly, and in compliance with local laws and regulations. OneSpan has a history of helping UK organisations mitigate fraud risk, digitize internal and consumer-facing agreement processes, and comply with industry regulations. We look forward to working with OIX to help shape the future of the digital identity market.”

OneSpan Insurance and Wealth Sales Director, Dave Allsopp, added: “The work OneSpan has been doing in this area is forging critical paths to a more secure digital ID future. Collaboration from all organisations in the business community will be crucial if we want to get to a digital ID future that works for everyone and ensures the interests of the consumer at its heart. OIX is playing a valuable role by providing a forum where this can happen, and we are pleased to be able to contribute our knowledge and expertise to a community that is driving positive developments in the growth of digital identities.”

Nick Mothershaw, Chief Identity Strategist at OIX, said: “Digital ID has vast potential for everyone involved, but all the parties need to be able to trust it, no matter what sector or part of the world they are in. OIX is delighted to welcome OneSpan as a member of the OIX community. The future of digital ID depends on global adoption and it has enormous benefits for society, contributing decisively to reducing fraud and simplifying people’s lives. OneSpan is committed to the adoption of trusted identity solutions, and their insight will be invaluable to our mission.”

OIX has 63 member organisations across various sectors, comprising of ID scheme operators, ID tech vendors, ID providers, consultancies, government and private sector. The executive board members include: Barclays, Deloitte, Equifax, International Airlines Group, LexisNexis, Microsoft, Sopra Steria and Timpson.