OneSpan Inc. (NASDAQ: OSPN) has announced a strategic investment in and partnership with ThreatFabric, a provider of proactive fraud detection and mobile threat intelligence solutions, to expand its cyber fraud prevention capabilities for financial services customers.
This partnership aims to significantly enhance OneSpan’s cyber fraud prevention capabilities for the financial services industry, which has seen a substantial increase in Authorized Push Payment (APP) fraud in recent years. By integrating ThreatFabric’s mobile threat intelligence, malware risk detection, and behavioral risk evaluation, OneSpan intends to provide customers with an additional, proactive defense against evolving digital threats.
The collaboration is designed to combat hybrid threats where cybercriminals increasingly combine malware, social engineering, and remote access tools. ThreatFabric’s layered approach is positioned to detect and disrupt these sophisticated attack vectors.
As part of the investment, OneSpan will join ThreatFabric’s board of directors and participate in the newly formed ThreatFabric Strategic Advisory Board, signaling a commitment to collaborative innovation in fraud prevention. Victor Limongelli, CEO of OneSpan, stated, “Our investment in ThreatFabric underscores OneSpan’s commitment to staying ahead of emerging digital threats. Mobile devices are the dominant access point for consumer financial services, leading to the rise in device compromise, malware, and cyberfraud. Partnering with ThreatFabric enhances our capabilities and sets a new standard for protecting customers in a mobile-first world—keeping trust and security at the heart of digital banking.”
Founded in Amsterdam in 2015, ThreatFabric specializes in layered fraud prevention, utilizing behavioral analytics, device intelligence, mobile malware detection, and real-time threat intelligence. The company currently protects over 60 million banking customers globally and has been recognized in Gartner’s Emerging Tech reports. Its existing investors include Rabo Investments (the investment arm of Rabobank), Motive Ventures, 10x Founders, and 14Peaks Capital. Han Sahin, CEO of ThreatFabric, commented, “We are thrilled to welcome OneSpan as a strategic investor and partner. We’re excited OneSpan underwrites our vision: to secure every mobile journey with AI‑driven behavioral biometrics and market-leading advanced malware defense.”
OneSpan provides secure authentication, identity, electronic signature, and digital workflow solutions to protect and facilitate digital transactions and agreements. The company’s products and services automate and secure customer-facing processes, serving global blue-chip enterprises, including over 60% of the world’s 100 largest banks. OneSpan processes millions of digital agreements and billions of multi-factor authentication transactions annually across more than 100 countries.
