12iD to reduce fraud and increase the security of financial accounts
Getting settled into 2023, it is safe to say that cyber security is the talking point of key players in the financial industry.
Some discussed areas are:
How long before our clients will leave for competitors that are tackling security issues better?
With the ongoing regulatory changes globally, how will we be able to meet the criteria?
How can we achieve digital transformation, such as digital signing and contract-based transactions?
How can we proactively make sure that our security is up to date?
In the Nordic countries, digital financial services have abandoned usernames and passwords, as well as OTPs (One-time passwords), since long. Customers do not trust their funds to be protected by insecure methods, as well as it limits digital transformation. This is what 12iD is changing and disrupting across the globe, without losing scalability or control.
As multiple banks and financial services are currently implementing the 12iD service, they will be able to protect their customers against all cyber threats. 12iD is protecting against phishing attacks, brute force attacks, DDoS and man-in-the-middle attacks. Even though the security gets prioritized, the customer experience of the 12iD service is considered better, faster and more seamless than the alternatives - allowing customers to receive added value in form of connectivity in an ecosystem. Contact us to learn more!
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