Capitol One has created new authentication systems, both only requiring a swipe on a smartphone instead of answering security questions or typing in a password. When signing in from a different computer or browser, banks often ask something like: "What's the name of your childhood pet?" However, the 'SwipeID' app uses unique images captured of the smartphone to authenticate the user.
This means, even when signing in on a computer, the site will automatically send a notification to the user's smartphone that simply requires them to swipe. That swipe opens a page that allows the app to take the required authenticating photo and compare it to one that was originally registered.
Adding to its new authentication systems, the forward-thinking bank also has integrated 'SureSwipe' -- allowing users to sign in to the mobile app with a unique finger-sliding pattern instead of an alphanumeric password.
Swipe-Authentication Systems
Capital One Eliminates Security Questions with a New Mobile Sign-in
Trend Themes
1. Swipe-authentication Systems - More banking and smartphone firms may develop and invest in swipe authentication systems.
2. Biometric Authentication in Mobile Banking - Mobile banking security may move towards biometric authentication like fingerprint or facial recognition.
3. Authentication Notification Systems - More companies may develop notification systems that require authentication via other devices to increase security measures.
Industry Implications
1. Mobile Banking - Mobile banking may invest in and adopt swipe and biometric authentication systems to improve security measures.
2. Smartphone Manufacturers - Smartphone manufacturers may develop devices with built-in advanced biometric authentication technology to integrate with banking and other financial services.
3. Cybersecurity Firms - Cybersecurity firms may develop and market notification systems that enhance authentication security measures for different industries and institutions.