Tuesday, 16 July, 2024

Singapore Banks Embrace Passwordless Authentication

Several banks in Singapore are transitioning away from traditional one-time passwords (OTPs) in favor of passwordless authentication methods. This shift aims to enhance security and user convenience by adopting modern authentication technologies. The move reflects a broader trend towards more secure and streamlined login processes, leveraging biometrics and other advanced authentication factors to combat phishing and credential theft effectively in the financial sector.