Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. OneSpan Inc.
  6. News
  7. Summary
    OSPN   US68287N1000

ONESPAN INC.

(OSPN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Half of Financial Institutions Identify Regulatory Compliance as a Serious Roadblock for Digital Transformation, OneSpan Research Reveals

11/16/2021 | 08:02am EST

OneSpan’s second annual Global Financial Regulations Report reveals coming regulations aimed at digital currencies and securing digital economies

OneSpan™ (NASDAQ: OSPN), the global leader in digital banking security and e-signatures, today released its second annual Global Financial Regulations Report. In conjunction with comprehensive research into how the changing regulatory landscape is impacting the banking community, this year’s report also reveals how financial institutions are responding to new challenges presented by increasingly innovative hacking attacks, protecting sensitive data and evermore stringent regulations. 48% of financial institutions report that regulatory compliance has slowed digital transformation.

The research, conducted in partnership with business information firm Arizent, surveyed more than 150 senior banking leaders representing global financial institutions with assets as high as $100 billion. Despite the major security and regulatory challenges institutions were faced with in 2021, 84% of banking leaders are taking steps to prepare for cutting-edge initiatives like Central Bank Digital Currency (CBDC) over the coming year. In addition, half of banks are planning to implement mobile app shielding technologies to secure mobile apps in anticipation of upcoming CBDC initiatives.

The full results of the research are outlined in OneSpan’s second annual Global Financial Regulations Report, which provides guidance on the unique regulatory requirements impacting financial institutions globally along with key points for industry leaders as they navigate the evolving digital economy.

Additional findings within the report:

  • Top compliance challenges for banks include: reducing or preventing cyber-attacks (53%); safeguarding sensitive data (47%), keeping pace with changes in consumer privacy laws and industry regulations (41%);
  • Almost half of banks are putting digital remote identity verification and biometrics in place to comply with industry regulations. A further 41% are prioritizing emerging technologies like remote online notarization (RON).
  • Bank leaders are generally optimistic about crypto regulations. 67% of financial services leaders agree that crypto regulations make banks’ participation in the market more attractive.

“Catalyzed by the pandemic, the new digital banking age has left regulators with a nearly impossible task: to create an extensive and safe regulatory framework without stifling innovation,” said OneSpan Interim President & CEO, Steven Worth. “However, our research found that half of global senior banking leaders have hit hurdles because of regulatory compliance. OneSpan’s Global Financial Regulations Report will arm banks and financial institutions with information they need to both be compliant and sustain their competitive position.”

In addition to the research, the second annual Global Financial Regulation Report outlines major developments in the regulatory landscape in 54 jurisdictions worldwide, delving into country-by-country analysis of CBDCs, open banking, artificial intelligence, digital identity frameworks, e-signatures and remote online notarization, and data privacy. The full report can be accessed here.

Join OneSpan and experts from the Digital Identity and Authentication Council of Canada (DIACC) and the Better Identity Coalition to learn more about the policies and regulations pertaining to protecting digital identities in Canada and the U.S., register here.

About OneSpan

OneSpan helps protect the world from digital fraud by establishing trust in people’s identities, the devices they use and the transactions they execute. OneSpan’s security solutions significantly reduce digital transaction fraud and enable regulatory compliance for more than half of the top 100 global banks and thousands of financial institutions around the world. Whether automating agreements with identity verification and e-signatures, reducing fraud using advanced analytics, or transparently securing financial transactions, OneSpan helps lower costs and accelerate customer acquisition while improving the user experience. Learn more at onespan.com.

Copyright© 2021 OneSpan North America Inc., all rights reserved. OneSpan™ is a registered or unregistered trademark of OneSpan North America Inc. or its affiliates in the U.S. and other countries.


ę Business Wire 2021
All news about ONESPAN INC.
01/10OneSpan to Announce Fourth Quarter and Fiscal Year 2021 Financial Results on February 2..
BU
01/04OneSpan Appoints Technology Industry Leader Tom Aurelio as Chief People Officer
BU
01/04OneSpan Appoints Tom Aurelio as Chief People Officer
CI
2021INSIDER SELL : OneSpan
MT
2021ONESPAN INC. : Costs Associated with Exit or Disposal Activities (form 8-K)
AQ
2021Half of Financial Institutions Identify Regulatory Compliance as a Serious Roadblock fo..
BU
2021ONESPAN : Appoints Accomplished Cyber Security and Cloud Services Veteran Matthew Moynahan..
PU
2021ONESPAN INC. : Change in Directors or Principal Officers, Regulation FD Disclosure, Financ..
AQ
2021OneSpan Names Matthew Moynahan CEO
MT
2021OneSpan Appoints Accomplished Cyber Security and Cloud Services Veteran Matthew Moynaha..
BU
More news
Analyst Recommendations on ONESPAN INC.
More recommendations
Financials (USD)
Sales 2021 211 M - -
Net income 2021 -20,2 M - -
Net cash 2021 114 M - -
P/E ratio 2021 -31,1x
Yield 2021 -
Capitalization 633 M 633 M -
EV / Sales 2021 2,47x
EV / Sales 2022 2,36x
Nbr of Employees 861
Free-Float -
Chart ONESPAN INC.
Duration : Period :
OneSpan Inc. Technical Analysis Chart | OSPN | US68287N1000 | MarketScreener
Technical analysis trends ONESPAN INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 15,87 $
Average target price 30,67 $
Spread / Average Target 93,2%
EPS Revisions
Managers and Directors
Matthew P. Moynahan President & Chief Executive Officer
Jan Kees van Gaalen Chief Financial Officer & Treasurer
Alfred A. Nietzel Chairman
Benoit GrangÚ Chief Technology Evangelist
Jeff Cole Chief Information Officer
Sector and Competitors
1st jan.Capi. (M$)
ONESPAN INC.-4.90%633
PC CONNECTION, INC.-3.45%1 091
DUOLUN TECHNOLOGY CORPORATION LTD.3.29%706
ATOMOS LIMITED-15.09%144