The digital identity specialist OneSpan has become the latest member of the Open Identity Exchange (OIX). As a member of the OIX, OneSpan will have more say in the development of digital ID policy, and in the creation of global standards and best practices for the use of the technology.
The OIX’s broader goal is to increase adoption rates for digital IDs. The organization brings together digital ID stakeholders from all over the world, in the hopes that they will be able to work together to build a framework that can facilitate digital identity transactions at scale. They also want to make the public feel more comfortable with the technology, to the extent that people will be more likely to use digital IDs if they believe that they are secure.
OneSpan, meanwhile, is best known for its Mobile Security Suite, which uses smartphone sensors to bring biometric security to remote transactions. The solution is especially popular in the financial sector, where OneSpan’s client list includes Sony Bank, Belfius Bank, and Norway’s BankID.
“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,” said OneSpan Insurance and Wealth Sales Director Dave Allsopp. “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.”
“OIX is delighted to welcome OneSpan as a member of the OIX community,” added OIX Chief Identity Strategist Nick Mothershaw. “The future of digital ID depends on global adoption and has enormous benefits for society, and their insight will be invaluable to our mission.”
OneSpan has previously reported that banks are struggling with digital transformation, and is now suggesting that the growing number of digital ID schemes has created a greater need for collaboration to ensure that fraudsters cannot slip through the cracks. OIX now has a total of 63 member organizations after TECH5 signed on back in May. Those members including ID technology vendors and some of the government agencies that are responsible for issuing documents to individual citizens.