Authentication has long required an uneasy tradeoff between strong security and smooth user experience. Banks have relied on a mix of passwords, OTPs, SMS codes, voice calls, and push notifications each with its own vulnerabilities and user experience challenges. Passkeys, built on FIDO standards, finally deliver a phishing resistant, high assurance, passwordless experience that improves both security and usability. This interview segment explores why passkeys are ready now for even the highest risk banking use cases, why banks should be moving quickly to adopt them, and how OneSpan delivers the most complete, secure, and enterprise ready passkey solution on the market. With Gartner predicting that by 2027 more than 75% of workforce authentication and over 40% of customer authentication will be passwordless, the shift is accelerating and the institutions that move early will gain a meaningful security and UX advantage.
Segment Resources:
FIDO Alliance – Passkeys & Phishing Resistant Authentication https://fidoalliance.org/passkeys/ https://www.onespan.com/products/digipass-s3-authentication-software https://onespan.widencollective.com/dam/assetdetails.assetdetailstab.metadatapanel.metadatainlineeditor:eventlink?inav=false&t:ac=asset:52a52e9e-d01e-4d61-ac3d-0312a1ccc7f3/$N/assetversion:cb1303d2-6361-4fd7-af91-8e70c3c0c918
This segment is sponsored by OneSpan. Visit https://securityweekly.com/onespanrsac to learn more about them!
Read the interview summary from SC Media here: OneSpan’s Ashish Jain on why passkeys are ready for prime time in modern banking
- 0:00 - – RSAC 2026 Intro & Passkeys Discussion Begins
- 0:21 - – Why Passkeys Are Ready for Banking
- 01:02 - – Security vs User Experience in Authentication
- 01:38 - – Why Users Resist Passwordless Login
- 02:15 - – Passkeys vs Passwords: Real Data & Success Rates
- 04:22 - – Faster Logins: Passkeys vs MFA Comparison
- 05:31 - – Why Banking Needs Better Authentication UX
- 06:33 - – How Passkeys Stop Phishing & Credential Attacks
- 08:35 - – Are Passwords & MFA Becoming Obsolete?
- 08:58 - – Pros & Cons of SMS, Push, and Other Auth Methods
- 10:20 - – How Banks Should Roll Out Passkeys (Best Strategy)
- 10:43 - – Phased Adoption: Don’t Force Users Too Early
- 12:23 - – Mobile vs Web: Where Passkeys Work Best
- 12:55 - – OneSpan Passkey Implementation Explained
- 13:07 - – FIDO Standards & Authentication Expertise
- 14:00 - – Real-World Deployment at Scale (Millions of Users)
- 15:21 - – Final Thoughts: The Future is Passwordless
Ashish Jain is OneSpan’s Chief Technology Officer. Widely regarded as one of the top digital identity experts in the industry, Ashish brings over two decades of experience leading product management, engineering, and operations teams at global organizations. He most recently served as Chief Product Officer at Arkose Labs, an enterprise fraud management and account security company where he led the development of the platform to help address consumer fraud and identity challenges for many Fortune 1000 companies. Prior to his role at Arkose Labs, Ashish served as Head of Identity at eBay, where he led the global engineering team to build the identity, risk, and trust platform to support onboarding, authentication, KYC, fraud, and abuse protection for 180+ million eBay customers and third-party developers. Before joining eBay, Ashish was Vice President of Workspace ONE at VMware, where he spearheaded the development and patenting of a solution that integrated identity and mobile device management, one of the core tenets of Zero Trust Security.
