Drive competitive advantage with modern strong authentication for Online and Mobile Banking - Whitepaper
The digitization of financial services accelerated in 2020. Driven by the COVID-19 a global pandemic, mobile banking penetration grew across all demographics, up to at least 85% for all consumers under age 55.1 However, while mobile and online banking adoption have been on the rise, so too have consumer fears about fraud and cybercrime. Between 30% and 40% of mobile banking, users consider themselves “very” concerned about fraudulent activities, including identity theft, credential theft, or loss of funds.
