OTP Banka prevents phishing with network-based authentication
APIS
NETWORK APIS
CAMARA API
SPECIALISED PROGRAMMATIC
STREAMLINING
ECONOMIC GAINS
FRAUD / ID
SECURITY
CX SATISFACTION
Summary
Serbian bank OTP Banka enhanced security with IPification's CAMARA Number Verification API, preventing phishing and improving user experience by verifying mobile IDs, ensuring secure and effortless mobile banking.
Challenges
Significant increase in phishing attacks in Serbia; criminals impersonating victims to access sensitive information, including one-time passwords.
Solution
OTP Banka implemented network-based authentication with IPification using CAMARA Number Verification API, eliminating SMS for secure banking.
Outcome
Prevented account takeovers, enhanced security, improved user experience, streamlined processes, and achieved economic gains.
Sources
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