OneSpan Inc. announced on June 5, 2025, the acquisition of Nok Nok Labs Inc., a leading provider of FIDO passwordless software authentication solutions. This strategic acquisition is set to significantly strengthen OneSpan’s commitment to offering powerful and flexible authentication solutions. The integration of Nok Nok’s technology with OneSpan’s recently launched FIDO2 security keys creates a comprehensive and future-ready authentication portfolio.
Nok Nok Labs, a founding member of the FIDO Alliance, brings world-class technology and FIDO expertise, along with a customer base spanning the US, Asia, and Europe. This combination allows OneSpan to offer maximum flexibility to customers, whether they prefer on-premises or cloud solutions, OTP or FIDO protocols, or software or hardware authentication. The acquisition is not primarily for immediate revenue but to integrate Nok Nok's FIDO2 software with OneSpan's FIDO2 security keys hardware.
This move positions OneSpan to offer the industry's most innovative and versatile customer authentication solution on the market. The unified backend for both hardware and software authentication is a key differentiator, enabling banks to transition to the FIDO ecosystem at their own pace. This strategic foresight aims to prevent customer churn and capture future growth in the rapidly expanding FIDO protocol market.
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