Sumitomo Mitsui Trust Bank Enhances Mobile Banking Security through Partnership with SCSK and OneSpan's FIDO Cloud Authentication Solution
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 17 2025
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Source: Newsfilter
Collaboration for Enhanced Security: Sumitomo Mitsui Trust Bank (SuMiTB) has partnered with SCSK Corporation and OneSpan to implement a cloud-based FIDO authentication solution, aiming to bolster mobile banking security against phishing and account takeover threats.
Regulatory Compliance and Fraud Prevention: This initiative aligns with Japan's Financial Services Agency's proposed regulations for stronger multi-factor authentication, addressing the projected ¥690 billion in account takeover fraud losses by 2025.
Innovative Transaction Security: SuMiTB plans to integrate FIDO authentication directly into mobile banking transactions, enhancing security and providing a seamless user experience while mitigating impersonation risks.
OneSpan's Commitment: OneSpan's CEO emphasized the company's leadership in the FIDO market and its dedication to delivering secure authentication solutions that meet high regulatory standards for financial institutions.
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Analyst Views on OSPN
Wall Street analysts forecast OSPN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OSPN is 18.50 USD with a low forecast of 15.00 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 11.680
Low
15.00
Averages
18.50
High
22.00
Current: 11.680
Low
15.00
Averages
18.50
High
22.00
About OSPN
OneSpan Inc. provides secure authentication, identity, electronic signature and digital workflow solutions that protect and facilitate digital transactions and agreements. Its segments include Security Solutions and Digital Agreements. Security Solutions segment consists of its portfolio of software products, software development kits, and Digipass authenticator devices that are used to build applications designed to defend against attacks on digital transactions across online environments, devices, and applications. Its security products include authentication servers, mobile app security and mobile authenticators. Digital Agreements segment consists of solutions that enable its clients to secure and automate business processes associated with their digital agreement and customer transaction lifecycles that require consent, non-repudiation and compliance. These solutions, which are largely cloud-based, include OneSpan Sign e-signature, OneSpan Notary, and Identity Verification.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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