Bank Millennium to deploy OneSpan Cronto verification system
Poland-based Bank Millennium has selected OneSpan and its Cronto system to boost its corporate banking operations.
OneSpan’s Cronto system uses a coloured cryptographic code to verify payments
The new system, which offers a colourised cryptographic encryption code for the verification of transactions, will be deployed to improve the experience of Bank Millennium’s corporate clients.
According to Halina Karpińska, director of electronic banking at Bank Millennium, OneSpan was chosen after a review of the market and consultation with customers.
“Banks are more often considering the importance of customer experience across all banking channels, including corporate banking,” says OneSpan senior vice president of global sales, Dan Dica.
“Bank Millennium has chosen not only to address the needs of its customers but also to help future-proof the corporate banking process with OneSpan.”
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Founded in 1989, Bank Millennium is a subsidiary of Portuguese Commercial Bank, the largest commercial bank in its home country.
In September the bank was granted permission by the Polish Financial Supervision Authority to merge with Euro Bank, which had previously been owned by Société Générale.
