Gurgaon, May 1 -- In an era marked by rapid digital transformation, the banking sector grapples with evolving threats to security and user experience. Traditional authentication methods like passwords and SMS-OTPs are proving inadequate against sophisticated cyberattacks. However, a new wave of authentication technologies is on the horizon, promising a paradigm shift in banking security. FIDO passkeys and biometric authentication are emerging as frontrunners, offering a blend of robust security and seamless user experience. We spoke to Tapesh Bhatnagar, Head of Digital Solutions at Giesecke + Devrient MS India Pvt Ltd, on how these technologies are reshaping banking security in India.

Limitations of Traditional Authentication Methods The...