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Banco Itau, one of Brazil’s largest privately owned banks, is a longstanding customer of VASCO. Five years ago, the bank started securing its corporate customers with VASCO’s strong authentication products. Today, the bank will use VASCO’s market leading Digipass-VACMAN combination in order to safeguard its retail e-banking application.

Brazil is an important market for VASCO. The country has a mature and popular Internet banking channel and the banks are actively looking for ways to make the Internet a secure and easy to use business channel. Brazil can safely be regarded as a shining example of banking-related IT-excellence on the American continent. In 2007, VASCO opened a sales- and support office in Sao Paulo, the business capital of Brazil.