Trusted Banking Security Partner

    Banking Security Solutions: Multi-Factor Authentication & Fraud Prevention

    Protect your digital banking platform with enterprise-grade multi-factor authentication, mobile app shielding, and real-time fraud prevention — deployed across 60+ countries and trusted by 10,000+ financial institutions worldwide.

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    FIDO2 CertifiedPCI-DSS CompliantRBI Guideline Ready10,000+ Enterprise Clients60+ Countries

    Understanding the Threat

    What is Banking Security?

    Banking security encompasses the technologies, processes, and protocols that protect financial institutions from cyber threats, unauthorized access, and digital fraud. As banks accelerate their digital transformation — from mobile banking apps to online payment gateways — the attack surface for cybercriminals grows exponentially.

    Modern banking security requires a multi-layered approach: strong customer authentication (SCA) to verify user identity, runtime application self-protection (RASP) to shield mobile banking apps, and continuous threat intelligence to detect and respond to emerging attack vectors in real time.

    70%Of online fraud happens on mobile platforms
    ₹1.38TAnnual losses from banking fraud globally
    63%Of apps have known security vulnerabilities
    300M+Indian digital banking users at risk

    Mobile Authentication

    Why Mobile Authentication is Critical for Banks

    With over 300 million Indians using mobile banking daily, securing mobile channels is no longer optional — it's a regulatory mandate. The RBI's cybersecurity framework requires financial institutions to implement strong multi-factor authentication and continuous monitoring for all digital transactions. Failure to comply exposes banks to both regulatory penalties and reputational damage.

    Biometric Authentication

    Fingerprint, facial recognition, and behavioral biometrics verify genuine users while eliminating password fatigue and phishing risks.

    Hardware Security Keys (FIDO2)

    Physical FIDO2-certified security keys provide the highest assurance level — phishing-proof authentication for high-value banking transactions.

    Push-Based Mobile OTP

    One-tap push notifications and time-based OTP through dedicated mobile tokens replace vulnerable SMS-based verification codes.

    Visual Transaction Signing

    Cronto® visual cryptograms ensure 'What You See Is What You Sign' — preventing man-in-the-middle attacks on high-value transfers.

    Runtime App Self-Protection

    RASP technology embedded directly in mobile banking apps detects and blocks attacks in real time — even on compromised or jailbroken devices.

    Threat Intelligence Dashboard

    Real-time security telemetry monitors every app instance across your entire user base — identifying and neutralizing threats before they escalate.

    Solutions

    Two Pillars of Enterprise Banking Security

    Multi-Factor Authentication Solutions

    Complete MFA portfolio for banking — FIDO2 hardware security keys, biometric tokens, mobile soft tokens, push-based OTP, and Cronto visual transaction signing. PCI-DSS and RBI compliant.

    Explore Authentication

    Mobile Application Security Platform

    Next-generation app shielding with RASP protection, AI-driven hardening, code obfuscation, anti-tampering, and real-time threat intelligence for iOS and Android banking apps.

    Explore Mobile Security

    Benefits

    Why Banks Choose TechFlex × OneSpan

    Reduce Fraud by 99%

    Multi-layered authentication eliminates credential theft, phishing, and social engineering attacks.

    RBI & PSD2 Compliant

    Pre-certified compliance with RBI cybersecurity framework, PSD2 SCA, PCI-DSS, GDPR, and eIDAS 2.

    60+ Country Deployments

    Battle-tested infrastructure trusted by 10,000+ financial institutions across six continents.

    Faster Time to Market

    Integrate enterprise security in weeks, not months — with No Code, Step Code, and Master Code options.

    Compliance

    Regulatory Compliance Built In

    Our solutions are designed to help banks meet the most stringent regulatory requirements — from India's RBI cybersecurity framework to Europe's PSD2 and global PCI-DSS standards.

    Discuss Compliance Needs
    RBI Cybersecurity FrameworkFull compliance with Reserve Bank of India guidelines for digital payment security and authentication.
    PSD2 Strong Customer AuthMeets PSD2 SCA requirements for multi-factor authentication on all European digital transactions.
    PCI-DSS & PCI-MPoCPayment Card Industry compliant solutions for secure card processing and mobile point of commerce.
    GDPR & eIDAS 2Data protection and electronic identification compliance for EU-regulated financial operations.

    Partnership

    Global Technology, Local Expertise

    TechFlex combines deep regional IT consulting experience with OneSpan's globally deployed security infrastructure — adapted, integrated, and supported locally for Indian banks and financial institutions.

    250M+Devices protected by OneSpan globally
    10K+Enterprise clients across banking & finance
    60+Countries with active deployments
    99.9%Uptime across authentication services

    FAQ

    Frequently Asked Questions

    Common questions about banking security, authentication, and our solutions.

    Multi-factor authentication (MFA) for banking requires users to verify their identity using two or more factors — something they know (password), something they have (hardware token or phone), and something they are (biometrics). This significantly reduces unauthorized access and fraud in digital banking. Our FIDO2-certified hardware keys and mobile soft tokens provide the highest assurance levels required by financial regulators.

    Mobile app shielding embeds security directly into the banking app with runtime application self-protection (RASP), code obfuscation, anti-tampering, and root/jailbreak detection. This protects against reverse engineering, credential theft, and malware attacks — even on compromised devices. Our platform provides three integration levels: No Code for instant protection, Step Code for rapid deployment, and Master Code for full customization.

    Our solutions comply with RBI cybersecurity guidelines, PSD2 Strong Customer Authentication (SCA), PCI-DSS, GDPR, eIDAS 2, PCI-MPoC, FFIEC, and BSA/AML regulations — ensuring banks meet all regulatory requirements for digital transactions across India and internationally.

    FIDO2 is an open authentication standard that enables passwordless login using hardware security keys or device biometrics. For banks, it eliminates phishing risks, reduces password-related fraud, and provides a seamless customer experience while meeting the highest security standards. Our DIGIPASS FX1 BIO key combines FIDO2 with on-device fingerprint verification for maximum security.

    Banks can prevent mobile fraud through a layered approach: multi-factor authentication for login and transactions, mobile app shielding with RASP protection, real-time threat intelligence monitoring, transaction signing with visual cryptograms, and compliance with regulatory frameworks like RBI guidelines. Our integrated platform combines all these layers into a single solution.

    Ready to Secure Your Banking Platform?

    Schedule a personalized demo to see how MFA, mobile app shielding, and fraud prevention work for your institution.

    Request a Free Demo Call +91-22-41207788