Strengthen Your Security with OneSpan 2FA Solutions
Enhance account protection with robust two-factor authentication.
Overview
OneSpan 2 Factor Authentication (2FA) provides a wide range of strong, frictionless authentication solutions to achieve critical business goals while enhancing user experience. By leveraging intelligent adaptive authentication and mobile security suite, OneSpan 2FA reduces fraud, improves compliance, and strengthens remote access security. This solution integrates seamlessly with existing applications, offering high-availability authentication and transaction-signing capabilities at scale. Notably, OneSpan meets the Reserve Bank of India (RBI) norms for additional factor authentication (AFA), ensuring compliance with the latest regulatory standards.
RBI Compliance Details:
OneSpan 2FA solutions are designed to meet the expectations set forth by the Reserve Bank of India (RBI) for additional factor authentication (AFA). As per the RBI circular, all digital payment transactions must be authenticated with AFA, ensuring robust security for transactions conducted using cards, prepaid instruments, and mobile banking channels. OneSpan’s solutions comply with this framework, dynamically creating authentication factors, adopting a risk-based approach, and ensuring transaction alerts, all while maintaining high standards of robustness and customer consent.
The RBI framework emphasizes the following principles:
- Mandatory AFA: All digital transactions must include an additional factor of authentication.
- Dynamic Creation: Authentication factors must be dynamically created post-transaction initiation.
- Robustness: Authentication must employ different categories, such as something the user knows, has, or is.
- Risk-Based Approach: Appropriate AFA must be determined based on transaction risk profiles.
- Customer Alerts: Near real-time alerts must be provided for eligible transactions.
- Customer Consent: Explicit consent must be obtained before enabling new authentication factors.
- Issuer Responsibility: Issuers must ensure the integrity of the authentication process and technology.
- Third-Party Arrangements: No exclusivity arrangements should limit the deployment of alternative authentication solutions.
OneSpan’s adherence to these principles ensures that organizations using their 2FA solutions are fully compliant with the latest RBI directives, providing a secure, robust, and user-friendly authentication experience.
OneSpan 2 Factor Authentication (2FA) is an essential solution for any organization seeking to bolster its digital security framework. By providing adaptive, robust, and scalable authentication methods, OneSpan 2FA ensures that your users' data remains secure while meeting the highest standards of regulatory compliance, including those set by the RBI.
Benefits
Adaptive Security for Every Interaction
Intelligent Adaptive Authentication
Apply precise security measures tailored to each user interaction, enhancing fraud prevention and user experience.
Fortify Mobile Authentication
Enhanced Mobile Security
Establish robust security for mobile environments, utilizing biometrics and other advanced authentication methods.
Effortless Integration for Scalable Security
Seamless Integration and Scalability
Deploy 2FA across your organization without slowing down development cycles, ensuring robust security at scale.
Achieve and Maintain Regulatory Compliance
Comprehensive Compliance
Ensure compliance with regulatory standards like RBI, PSD2, and GDPR through rigorous authentication protocols.
Success Stories
Next Step
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