Standard Bank South Africa launches tool to improve mobile banking security
Standard Bank South Africa has launched DigiMe to improve security on its mobile banking app.
According to the bank, there is a need for strong authentication using a combination of two or more factors to verify the identity of a natural person. DigiMe uses biometric and facial recognition software, combined with multi-factor authentication.
It further said this will reduce the number of one-off PINs and other verification methods used in favour of a simpler, approach. When a user sets up DigiMe, their device will be checked to determine which authentication features it supports – including facial and fingerprint recognition. Users will then be given a choice of these supported authentication options to implement as their primary verification method for their digital profile.