OpenSpan
Founded Year
2005Stage
Acquired | AcquiredTotal Raised
$22MValuation
$0000About OpenSpan
OpenSpan is a privately-held software provider of automation and workforce analytics software. OpenSpan's software automates routine desktop tasks and eliminates repetitive tasks, increasing employee productivity and lowering operational costs.
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Expert Collections containing OpenSpan
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
OpenSpan is included in 5 Expert Collections, including Banking.
Banking
1,189 items
Regtech
1,341 items
Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.
Capital Markets Tech
785 items
Companies in the capital markets tech space are providing software and/or services for investment banks, hedge funds, investment managers, and so forth. Companies included use technology across the front, middle, and back-offices and streamline all pre- and post-trade operations.
Robotic Process Automation
322 items
RPA refers to the software-enabled automation of data-intensive tasks that are low-skill but highly sensitive operationally, including data entry, transaction processing, and compliance.
Fintech
7,746 items
US-based companies
OpenSpan Patents
OpenSpan has filed 2 patents.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
12/16/2005 | 9/19/2017 | Integrated development environments, Software design patterns, Electronic design automation, Electronic design, Software design | Grant |
Application Date | 12/16/2005 |
|---|---|
Grant Date | 9/19/2017 |
Title | |
Related Topics | Integrated development environments, Software design patterns, Electronic design automation, Electronic design, Software design |
Status | Grant |
Latest OpenSpan News
May 28, 2021
Written by Martin Whybrow 28th May 2021 Belgian Belfius Bank has implemented OneSpan’s Mobile Security Suite (MSS) within its mobile app to help protect its 1.5 million mobile customers from the growing impact of cybercrime. Belfius Bank is a long-standing user of OneSpan services OneSpan’s technology provides biometric authentication, risk analysis and other app security measures. This is an extension of an existing relationship as the bank is a long-standing user of OneSpan’s hardware authentication devices. The Belfius app provides customers with access to the bank’s own financial services as well as to third-party services such as cardless fuelling, on-street parking and bus tickets. OneSpan helps protect transactions made through the app while delivering a hassle-free authentication process. Mobile malware attacks increased in the latter half of 2020, with Kaspersky finding 156,710 new mobile banking trojans. MSS is intended to detect and mitigate these threats and related fraud, and provides application shielding. It also brings a mobile app security framework that allows Belfius to deploy new authentication and advanced security modules as needed and with minimal development. Belfius project manager for signing and authentication, Jonas De Dobbeleer, says: “We are incorporating OneSpan’s technology into our app to provide our customers with strong security without impacting the user experience.” OneSpan CEO, Scott Clements, adds: “Fraudsters are increasingly targeting the digital channel given pandemic-related adoption and changing consumer preferences. “Technologies like app shielding, biometric authentication and encrypted transaction signing enable financial services organisations to identify and fight fraud like man-in-the-middle attacks while maintaining trust and driving adoption.”
OpenSpan Frequently Asked Questions (FAQ)
When was OpenSpan founded?
OpenSpan was founded in 2005.
Where is OpenSpan's headquarters?
OpenSpan's headquarters is located at 11175 Cicero Drive, Alpharetta.
What is OpenSpan's latest funding round?
OpenSpan's latest funding round is Acquired.
How much did OpenSpan raise?
OpenSpan raised a total of $22M.
Who are the investors of OpenSpan?
Investors of OpenSpan include Pegasystems, Imlay Investments, Sigma Partners, Matrix Partners, Globespan Capital Partners and 4 more.
Who are OpenSpan's competitors?
Competitors of OpenSpan include Automation Anywhere and 7 more.
Compare OpenSpan to Competitors
WorkFusion's AI-driven automation and RPA software creates and manages software robots for knowledge work. The company's technology automates business processes by combining AI, RPA and people in one platform. Enterprises in banking and financial services, insurance, healthcare, consumer products, utilities, telecom, retail and more can use WorkFusion to reduce their total costs, up-skill their workforce and to use AI to overcome the complexity of transforming and growing a business. WorkFusion was formerly known as Crowd Computing Systems. The company was founded in 2011 and is based in New York, New York.
Automation Anywhere is a cognitive robotic process automation platform that uses software robots to automate business processes not automated by traditional technology platforms. Its Intelligent Digital Workforce Platform combines cognitive automation and analytics, driving productivity and business process accuracy with near-zero error rates. The company was founded in 2003 and is based in San Jose, California.
Robocorp offers a cloud service to reduce the complexity robo automation that includes the kinds of features enterprises tend to demand from projects like security, identity, and access management.
Leapwork allows non technical employees to automate their daily tasks without having to write code to do so. Leapwork can help with software testing, data migration, and robotic process automation in finance and healthcare.
JIFFY.ai helps companies automate tasks that are usually performed manually through robotic process automation (RPA).
Redwood Software delivers IT, finance, and business process automation to help modern enterprises excel in the digital age. Redwood orchestrates and automates business processes across complex hybrid IT environments so that enterprise organizations can focus on business agility, cost-efficiency, and customer experiences.
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