1Kosmos Becomes Largest FIDO2 Passkey Provider in the Philippines

1Kosmos has become the largest FIDO2 passkey provider in the Philippines following the deployment of its passwordless authentication technology across a leading Philippine bank's mobile banking platform. The 1Kosmos platform enabled the bank to become the first financial institution in the Philippines to offer a next-generation MFA capability, establishing a global standard for safer, password-free transactions.

This deployment eliminates the need for SMS-based one-time passwords and significantly reduces exposure to phishing attacks and credential theft. Passkeys function as cryptographic credentials stored locally on users' devices, meaning they are never transmitted across networks or stored on centralized servers where they could be compromised.

The bank's adoption of FIDO2 passkey technology represents a shift in how financial institutions across the Asia-Pacific region are approaching digital security. Traditional password-based systems and SMS authentication have become increasingly vulnerable to social engineering attacks, SIM swapping, and credential stuffing, creating measurable costs in both fraud losses and customer support overhead.

1Kosmos' implementation adheres to FIDO2 standards and provides the bank's customers with authentication that is both more secure and more convenient than legacy methods. The technology allows users to complete transactions in seconds while maintaining the highest levels of security assurance.

Financial institutions across APAC are increasingly prioritizing passwordless authentication as part of broader digital transformation and fraud prevention strategies. The Philippines deployment demonstrates the scalability of FIDO2 passkey technology in high-volume consumer banking environments and establishes a new benchmark for mobile banking security in the region.

About 1Kosmos

1Kosmos provides identity verification and passwordless authentication for employees, customers, and citizens accessing digital services, with additional capabilities for managing authorization and governance of AI agents. The platform was ranked #1 in Product Score for Workforce IDV based on Gartner’s Critical Capability Matrix in 2025, and recently earned Overall Leader status in KuppingerCole’s 2026 evaluation of 26 passwordless authentication vendors.

By combining identity proofing, credential verification, and strong authentication, it prevents impersonation, account takeover, and fraud while protecting user privacy and delivering a seamless experience.