August 23, 2022


Data Security Is Still Biggest Hurdle For Digital-Only Banking - Passwordless authentication, Multi factor authentication, Biometric security, noknok, biometrics
Digital-only banks, by providing banking services through digital platforms, offer convenience. However, the majority of consumers remain reluctant to shift to digital-only banks due to concerns on data security. In light of these concerns and the continuous cybercrime attacks on financial institutions, digital banks have a duty to strengthen their cybersecurity capabilities through passwordless authentication....
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