Capital One Eliminates Security Questions with a New Mobile Sign-in
Cadhla Gray — October 26, 2015 — Tech
References: capitalone & techcrunch
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.
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.
Trend Themes
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Swipe-authentication Systems — More banking and smartphone firms may develop and invest in swipe authentication systems.
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Biometric Authentication in Mobile Banking — Mobile banking security may move towards biometric authentication like fingerprint or facial recognition.
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Authentication Notification Systems — More companies may develop notification systems that require authentication via other devices to increase security measures.
Industry Implications
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Mobile Banking — Mobile banking may invest in and adopt swipe and biometric authentication systems to improve security measures.
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Smartphone Manufacturers — Smartphone manufacturers may develop devices with built-in advanced biometric authentication technology to integrate with banking and other financial services.
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Cybersecurity Firms — Cybersecurity firms may develop and market notification systems that enhance authentication security measures for different industries and institutions.
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