Sony Bank, a Japanese commercial banking group and a subsidiary of Sony Financial, a member of the Japanese electronics giant Sony, has formed a new partnership with remote banking transaction security specialist OneSpan. Through the collaboration, Sony Bank will use OneSpan’s mobile security suite to protect mobile banking transactions.
Speaking about the collaboration, Sony Bank Senior Manager of the Systems Planning Department, Shuichiro Sumimoto, stated that the OneSpan solution addresses security and customer convenience:
“The technology comprehensively protects the device and the application, while providing an easy way for our customers to complete mobile transactions.”
OneSpan CEO, Scott Clements, further commented that Gartner is predicting that by 2022 at least 50% of successful cyberattacks against mobile apps may be prevented using in-app protection.
“Sony Bank is taking the right steps to future-proof its business.”
The partnership with OneSpan comes just after Sony Bank announced launched its “English Online Banking” services. The new services will provide foreign residents in Japan with a new option for opening a banking account and conduct every banking in English.
“The new service makes banking simple for non-Japanese residents, including a dedicated English smartphone app that uses cutting-edge OCR technology to make the account opening process quick and easy, without the need for complicated paperwork.”
Founded in 2001, Sony Bank operates as a direct bank and has no physical branches or ATMs. Its main business is offering online banking with foreign currency deposits, investment trusts, and home loans.