IT_Security

Banks are under pressure to strengthen authentication without creating additional friction for customers, employees, partners, and high-value transactions. Passwords, SMS OTPs and other manually entered authentication methods can create opportunities for phishing, credential theft, account takeover and authentication fatigue. FIDO-based passkeys provide a different model: instead of sending a reusable secret to the bank, the authenticator uses public-key cryptography to prove possession of a credential associated with the relying party. For a core banking environment, however, deploying passkeys is not simply a matter of adding a “Sign in with passkey” button . A successful migration requires an architecture that connects the customer-facing digital banking channels with identity, authentication, fraud detection, transaction risk, API security, legacy applications, recovery processes, monitoring and the core banking platform. This reference blueprint explains how financial institutions...