Regulation, Risk & Compliance
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No more OTPs: UAE bank says ready to roll out app verification
All licensed financial institutions (LFIs) in the UAE must eliminate SMS- and email-based OTPs to enhance security for banking transactions in line with central bank regulations AE banks said the majority of customers have shifted from traditional one-time passwords and that they have rolled out in-app security codes for online…
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Click here to read the full story: Khaleej Times