It’s no secret that life as we once knew it has been transformed using technology with responsiveness playing a key role in keeping pace with digital transformation while prioritising security. For example, the introduction of biometric identification in the consumer ecosystem has been successfully accepted as ensuring superior security rapidly.
Security of customer data isn’t just a legal imperative for banks, it’s a competitive differentiator. In the age of connected devices, Open Banking and GDPR, the role security plays in driving business objectives cannot be underestimated.
Personal identification numbers (PINs) are everywhere. These numeric versions of the password have been at the heart of data security for decades, but time moves on and it is becoming evident that the PIN is no longer fit for purpose.