SECOND, WHEN IT COMES TO BANKING: BY: LONDON--(B
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Posted On: 05/02/2017 11:17:27 PM
SECOND, WHEN IT COMES TO BANKING: BY: LONDON--(BUSINESS WIRE)
Global OOB authentication software market in BFSI sector
The global OOB authentication software market in the BFSI sector will grow at a CAGR of 23.66% during the forecast period.
Financial and banking institutions widely use OOB authentication because of high security requirements for transactions. For example, Citibank's OTP mobile app provides iPhone and Android users with an alternative to the SMS OTP option. In November 2015, HID, a provider of secure identity solutions, enhanced its ActivID authentication offering for digital banking with a push notification solution. This provides financial institutions a secure channel and easy method for notifying customers about pending transactions on their phones or tablets.
To successfully steal money or data, a hacker should have the ability to hack two independent channels. This makes hacking complicated. In addition, financial institutions need to ensure compliance with the FFIEC regulation for securing online products and services and to provide better user experience for customers using their authentication systems.
AND SFOR IS ALREADY WORKING WITH THIS MARKET
Global OOB authentication software market in BFSI sector
The global OOB authentication software market in the BFSI sector will grow at a CAGR of 23.66% during the forecast period.
Financial and banking institutions widely use OOB authentication because of high security requirements for transactions. For example, Citibank's OTP mobile app provides iPhone and Android users with an alternative to the SMS OTP option. In November 2015, HID, a provider of secure identity solutions, enhanced its ActivID authentication offering for digital banking with a push notification solution. This provides financial institutions a secure channel and easy method for notifying customers about pending transactions on their phones or tablets.
To successfully steal money or data, a hacker should have the ability to hack two independent channels. This makes hacking complicated. In addition, financial institutions need to ensure compliance with the FFIEC regulation for securing online products and services and to provide better user experience for customers using their authentication systems.
AND SFOR IS ALREADY WORKING WITH THIS MARKET
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Never argue with stupid people, they will drag you down to their level and then beat you with experience.
Get .... PrivacyLok https://cyberidguard.com/
Try SafeVchat: https://cyberidguard.com/
My comments are only my opinion and are not to be used for investment advice.
Please conduct your own due diligence before choosing to buy or sell any stock.
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