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Business News/ Videos / News/  RBI Tells Banks To Stop Relying On OTPs For Authentication Amid Rising Scams & Frauds

RBI Tells Banks To Stop Relying On OTPs For Authentication Amid Rising Scams & Frauds

During his latest monetary policy address, RBI governor Shaktikanta Das said that the regulator wants banks and fintechs to come up with authentication mechanisms other than SMS-linked OTPs. This in view of the rising number of cyber scams and OTP-linked frauds. But what are some of the other ways in which authentication can be done? Watch

 
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