OneSpan

What OneSpan does

OneSpan (NASDAQ: OSPN) is a Boston-headquartered cybersecurity and digital agreement provider that primarily serves financial institutions, with secondary exposure to insurance, government, healthcare, and HR use cases. The company operates two product divisions. The Cybersecurity division offers authentication (Digipass hardware authenticators including FX1/FX2/FX7 FIDO2 security keys, Digipass Cronto visual transaction signing, Digipass Mobile SDK and Authenticator), Build38 Runtime Application Self-Protection (RASP) technology protecting 250 million+ mobile endpoints (acquired Q1 2026), Nok Nok Labs FIDO-based passwordless authentication (acquired June 2025), Intelligent Adaptive Authentication, and Risk Analytics. The Digital Agreements division provides OneSpan Sign (eSignature), Identity Verification (facial biometrics, document authentication, liveness detection), Smart Forms, OneSpan Notary (remote online notarization), and Secure Agreement Automation. ProvenDB blockchain-based document vaulting extends the platform.

The company monetizes primarily through subscription/ARR (over 80% of revenue), with Q1 2026 ARR of $192.1 million (up 14.1% year-over-year), supplemented by hardware sales, software licenses, and professional services. Full-year 2025 revenue was $243.2 million with $78 million in adjusted EBITDA. Distribution combines enterprise field sales, channel partners (notably Intercede Group covering more than three-fifths of the largest banks), iPaaS integration partnerships (Workato), and a self-service developer tier. OneSpan reports being trusted by 60% of the world's top 100 banks and protecting 300 million+ endpoints globally, with gross revenue retention of 90% overall and 94% in digital agreements. Cloud bookings have grown from 25% to 40% of total bookings, reflecting the ongoing transition from hardware-centric to software/cloud-centric delivery.

Name

OneSpan

Legal name

OneSpan Inc.

Website

https://onespan.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

501–1,000 employees

Short description

OneSpan provides cybersecurity and digital agreement solutions to financial institutions and enterprises, offering authentication, mobile app security, fraud prevention, and eSignature products. Public on NASDAQ (OSPN), serving 60% of the world's top 100 banks and protecting 300 million+ endpoints.

Ownership category

akta.pro rank

Product category

Digital Identity and Authentication Software

NAICS

Security Systems Services (except Locksmiths) (561621), Investigation and Personal Background Check Services (561611), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Decentralized Identity & Verifiable Credentials for Finance (DID/KYC Reuse) (FSAGAMAE)

akta.pro secondary industries

Decentralized Identity (DID) & Identity Wallets (DID methods, DIDComm, identity agents) (FSAPACAG), Risk Scoring, Credit & Fraud Analytics (counterparty/wallet risk) (FSAPAJAF), Compliance Identity & KYC/KYB for Wallets (on-chain identity, reusable KYC, travel rule tooling) (FSAPACAL)

Keywords

• Digital authentication
• Electronic signature
• Mobile app security
• Fraud prevention
• Identity verification

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Supply Chain

Revenue model

1. Subscription Revenue (ARR): Annual recurring revenue from cloud-based authentication and eSignature subscriptions. Q1 2026 subscription revenue grew 8% year-over-year. ARR was $192.1 million in Q1 2026, up 14.1% year-over-year driven by acquisitions and new customer additions.
2. Hardware Sales: Sale of hardware authenticators including Digipass devices (one-button, transaction signing, Cronto visual signing) and FIDO2 security keys. Company transitioning from hardware to software-centric solutions.
3. Software Licenses and Support: Software authentication products including Digipass Mobile SDK, Authentication Servers, and related support services.
4. Professional Services: Implementation, consulting, and professional services for enterprise deployments of authentication and eSignature solutions.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

OneSpan provides a comprehensive cybersecurity and digital agreement platform serving financial institutions, enterprises, and government organizations. Its portfolio spans two divisions: Cybersecurity (authentication hardware and software including Digipass and Build38 mobile app protection, intelligent adaptive authentication, risk analytics, and fraud prevention) and Digital Agreements (OneSpan Sign eSignature platform, identity verification, remote online notarization, smart digital forms, and secure agreement automation). The company protects over 300 million endpoints globally and is trusted by 60% of the world's top 100 banks.

Product overview

OneSpan provides a comprehensive cybersecurity and digital agreement platform serving financial institutions, enterprises, and government organizations. The portfolio centers on two main divisions: Cybersecurity (authentication, mobile app security, fraud prevention) and Digital Agreements (eSignature, identity verification, agreement automation). Cybersecurity products include Digipass hardware authenticators (FX1, FX2, FX7, Cronto), Digipass software authenticators (Mobile SDK, Mobile Authenticator, Cloud, Suite), Build38 mobile app protection (RASP technology acquired Q1 2026), Intelligent Adaptive Authentication, and Risk Analytics. Digital Agreement solutions encompass OneSpan Sign eSignature platform, OneSpan Notary (remote online notarization), Identity Verification (facial biometrics, document authentication), Smart Forms, and Secure Agreement Automation. The platform integrates with enterprise systems including Salesforce, Microsoft, Workato, and supports EUDI Wallet for digital credentials. OneSpan protects over 300 million endpoints globally and serves 60% of the world's top 100 banks.

Differentiator

Problem solved

Functional benefit

Brands

• Digipass: Hardware and software authenticator product line including Digipass FX series FIDO2 security keys, Digipass S3 authentication software, Digipass Cloud, Digipass Suite, and Digipass Mobile SDK.
• OneSpan Sign
• OneSpan Sign Integration for Workato
• Build38 by OneSpan
• Verification Hub

Products and services

• Digipass S3 Authentication Enterprise authentication software supporting passkeys and FIDO2 standards for phishing-resistant login across web and mobile applications.
• Digipass FX Series FIDO2 Security Keys (FX1, FX2, FX7) Hardware-based FIDO2 security keys providing phishing-resistant authentication for enterprise workforce and customer login across enterprise applications and digital transactions.
• Digipass as a Service Cloud-delivered authentication service providing Digipass authenticator capabilities on a subscription basis for flexible deployment without on-premise infrastructure.
• Digipass Fulfillment Services Hardware authenticator fulfillment and provisioning services for enterprise-wide deployment of Digipass devices.
• Digipass Hardware Authenticators One-button hardware authenticators generating OTP codes for strong multi-factor authentication in banking and enterprise environments.
• Digipass Cronto Visual transaction signing device using color QR codes to authenticate and authorize financial transactions with embedded transaction details for user verification.
• Digipass Transaction Signing Authenticators Hardware authenticators with transaction data signing capability for secure approval of high-value financial operations.
• Digipass Mobile SDK Mobile software development kit for embedding authentication capabilities into custom mobile banking and enterprise applications.
• Digipass Mobile Authenticator Mobile authenticator application providing push notification, SMS, and biometric authentication for secure mobile access.
• Digipass Cloud Cloud-based authentication platform delivering Digipass authentication capabilities without on-premise infrastructure requirements.
• Digipass Suite On-premise authentication server managing Digipass authenticators and authentication policies for enterprise identity management.
• Build38 by OneSpan Next-generation mobile application protection combining SDK-based Runtime Application Self-Protection (RASP) technology with cloud-driven threat intelligence and AI defenses, protecting over 250 million endpoints.
• Risk Analytics Fraud risk analysis platform using machine learning and behavioral biometrics to detect anomalies and prevent account takeover and application fraud.
• Intelligent Adaptive Authentication Risk-based authentication platform that dynamically adjusts authentication requirements based on transaction risk scoring and user behavior analysis.
• OneSpan Sign Enterprise electronic signature platform for secure digital agreement preparation, signing, and management across multiple channels.
• OneSpan Notary Remote online notarization solution enabling electronic notarization of documents for legally binding digital signatures.
• Identity Verification Digital identity verification platform using facial biometrics, document authentication, and liveness detection for KYC/AML compliance.
• Smart Forms Intelligent digital forms with automated data extraction and validation for streamlined agreement preparation workflows.
• Secure Agreement Automation Automated agreement workflows combining eSignature with security controls for enterprise contract management.
• Digital Credentials Solution Platform for issuing, managing, and verifying digital identities across multiple digital wallets, supporting EUDI Wallet compliance under eIDAS 2.0 for European Digital Identity acceptance.

Quantifiable outcome

• Q1 2026 EPS of $0.45 beating $0.35 forecast by 28.57%
• +3 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability9 records

Feature8 records

Partnerships

Six partnerships are on record, tiered strategic and core.

• WE BUILD ConsortiumstrategicStrategic or Co-development Partner · 26 May 2026OneSpan joined WE BUILD European Digital Identity (EUDI) Wallet consortium as part of EU's Large-Scale Pilot (LSP) program. Contributing use cases including customer due diligence from verified identity data, strong customer authentication for logins and payments under PSD2/PSD3 frameworks. Pilots run under European Commission's Digital Europe Programme across multiple member states.
• Aptitude ConsortiumstrategicStrategic or Co-development Partner · 26 May 2026OneSpan joined Aptitude EUDI Wallet consortium as part of EU's Large-Scale Pilot (LSP) program testing EUDI Wallet infrastructure for digital identity use cases. Testing mobile-based digital identity wallet use cases for the financial services sector ahead of mandatory acceptance deadline under eIDAS 2.0.
• Intercede GroupcoreChannel Partner/ Reseller/ Distributor · 20 May 2026Reseller partnership covering more than three-fifths of the largest banks. Intercede resells OneSpan solutions to expand market reach in identity verification and authentication.
• WorkatocoreTechnology or Integration · 31 March 2026Partnership to enable secure eSignature automation across enterprise systems. OneSpan Sign Integration for Workato allows organizations to automatically trigger signature requests, move completed agreements into storage systems, and synchronize data across business applications such as CRM, ERP, and collaboration tools. Integration addresses market opportunity where 64% of companies have adopted iPaaS solutions but only 43% of signing processes are fully digital.
• SCSK CorporationcoreStrategic or Co-development Partner · 18 November 2025SCSK partnered with OneSpan and Sumitomo Mitsui Trust Bank to implement cloud-based FIDO authentication solution for mobile banking security in Japan. This deployment represents Japan's first use of cloud FIDO authentication for mobile banking, modernizing security and meeting new regulatory mandates from Japan's Financial Services Agency.
• ThreatFabricstrategicTechnology or Integration · 7 October 2025OneSpan partnered with and invested in ThreatFabric, a behavioral biometrics and malware detection company, to enhance fraud prevention capabilities. This partnership follows the company's strategy to build comprehensive digital security capabilities for banks.

Scale indicators17 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• DocuSign: DocuSign is the dominant eSignature platform and the most direct competitor to OneSpan Sign. Both serve financial services enterprises with agreement workflows, identity verification, and compliance-grade eSignature, and both are frequently compared head-to-head in G2 and analyst evaluations.
• Entrust: Entrust provides identity, authentication, digital signing, and PKI/certificate solutions to banks and governments globally. It is a direct competitor in hardware authenticators, FIDO, and certificate-based identity workflows for financial institutions, overlapping closely with OneSpan's Digipass portfolio.
• Ping Identity: Ping Identity provides enterprise identity, SSO, MFA, and passwordless authentication serving many of the same large financial institutions and Fortune 500 enterprises as OneSpan, and now includes ForgeRock following its 2024 acquisition.
• HID Global: HID Global offers authentication, credential management, and identity solutions for banks, governments, and enterprises, competing directly with OneSpan's hardware authenticators and digital identity offerings for regulated industries.
• Jumio: Jumio provides AI-driven identity verification, KYC/AML compliance, and biometric authentication used by financial institutions and fintechs. It overlaps directly with OneSpan's Verification Hub and Identity Verification products for digital onboarding.

Broad incumbents

• Okta: Okta is a leading identity and access management platform offering workforce and customer authentication, MFA, and passwordless capabilities that directly overlap with OneSpan's Digipass and Intelligent Adaptive Authentication products for enterprise and financial services customers.
• Thales: Thales (via its SafeNet identity & data security and banking/Payments lines) competes with OneSpan in hardware authenticators, HSM-backed custody, payment security, and digital identity for financial institutions and governments, offering a broader portfolio across multiple security domains.

Emerging players

• HYPR: HYPR is a passwordless and FIDO-based authentication specialist serving enterprise and financial services customers. It competes in the same passwordless authentication category where OneSpan was named a KuppingerCole Overall Leader in 2026.
• BioCatch: BioCatch provides behavioral biometrics and fraud analytics for banks and fintechs, overlapping with OneSpan's ThreatFabric partnership and Risk Analytics product line for account takeover and application fraud detection.
• Onfido: Onfido (now part of Entrust) provides AI-based document verification and biometric identity verification used by banks and fintechs for KYC and onboarding. It is a comparable identity verification provider serving similar financial services customers as OneSpan's Verification Hub.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/onespan
• Xx.com/VASCODataNews
• Facebookfacebook.com/digipassbyvasco

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A16 records

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OneSpan