Mobile Banking Security: Overcoming Challenges to Give Consumers the Experiences they Want

Apr. 30, 2018 | by BioCatch

There’s no question about it, the future of banking and payments is mobile. But there’s a major barrier to mobile banking reaching its full potential.

While nearly all financial institutions offer mobile banking, adoption by consumers remains quite low. It’s a strange phenomenon, as today’s users, particular younger generations, are the ones pushing for more mobile experiences and options.

What’s behind the trend? Financial institutions believe it’s a lack of trust in mobile banking security technology that’s keeping customers away.

To boost consumer confidence, banks need a seamless security solution that protects users from login to logout. That solution is called continuous authentication, and it’s leading the way for banks to provide security.

In this infographic, we outline the challenges banks face and the mobile banking security solution needed to break through the barriers.  

BioCatch_Infographic

Topics: Banking / Financial Services, Mobile