Sumitomo Mitsui Trust Bank Enhances Mobile Banking Security Amid Rising Fraud

Sumitomo Mitsui Trust Bank Enhances Mobile Banking Security Amid Rising Fraud

First seen 2 Dec 2025, 18:33 UTC •Au.Finance.YahooBiometricupdateThepaypers •94% similarity •9.1

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Sumitomo Mitsui Trust Bank (SuMiTB) has partnered with SCSK Corporation and OneSpan to implement a cloud-based FIDO authentication solution to enhance mobile banking security. This initiative addresses the increasing threats of account takeover and phishing fraud, which have led to significant financial losses in Japan, totaling approximately ¥690 billion (US$4.44 billion) in 2025.

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FIDO Fido2 OneSpan Cloud Authentication Passkeys Financial