Authentication Digital Financial Services
summary
Summary of how digital banking authentication actually changes: industry moves from physical OTP tokens and OATH OTP tokens through smsOTP and soft tokens (enabled by mobile SDKs) to biometrics on phones (Touch ID 2013, face 2017) delivering non-phishable inbound authentication. The claim is inevitable large-scale migration from OATH to FIDO/passkeys and platform authenticators; banks must run significant migration projects, keep out-of-band options (push, QR), and expect roughly 2x user experience gains while compliance and key-control questions settle.
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chapters (5)
- 0:00Introduction to authentication evolution
- 7:37SMS OTP and mobile authentication
- 13:30Biometrics and strong authentication
- 20:14Future with FIDO and passkeys
- 27:21Q&A and closing remarks
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