What are the different methods of user authorization in mobile banking app?

There are several methods of user authorization utilized in mobile banking apps to ensure security and protect sensitive financial information. Firstly, password-based authentication is a common method where users are required to create a unique password to access their accounts. Additionally, two-factor authentication is gaining popularity, which involves users providing a second form of identification, such as a fingerprint or a unique code sent to their registered mobile device. Biometric authentication methods, such as facial recognition or fingerprint scanning, are also being implemented as secure and convenient alternatives. Moreover, some apps may implement device authentication, where the unique device ID is recorded for future reference. These different methods play a crucial role in enhancing the security measures for mobile banking apps and providing users with peace of mind while conducting financial transactions.

This mind map was published on 31 July 2023 and has been viewed 64 times.