Wednesday, November 17, 2021 | 2:00 p.m. ET

Why Forgetting your Password is Safer than Having One – Best Practices for Banks Adopting Password-less Authentication

Outdated yet ubiquitous, passwords are inconvenient, risky, costly and the primary reason for data breaches. In fact, more than 80% of hacking-related breaches leverage weak and compromised passwords. If that’s the case, then why aren’t banks making better progress when it comes to supporting a password-less methodology?

Research shows that bank customers identify with the traditional user login and password experience, providing a sense of comfort which is making it easier for tech firms to leapfrog banks when it comes to deploying password-less authentication to the workforce. If banks don’t make the transition from costly and less secure legacy systems to a password-less approach, they risk increasing costs and friction, slowing growth, and ultimately lagging behind other FI leaders.

In this webinar, Aite-Novarica and OneSpan will discuss how a password-less approach to authentication improves the security posture for financial institutions and how this approach can reduce operating costs and drive growth through better user experiences in the process.

Additional topics and live demonstration will include:

  • The evolution of passwords and authentication
  • Key insights from leading analyst firm, Aite-Novarica on password-less authentication preferences and trends
  • Best practices for deploying password-less solutions that satisfy customer needs and why leaning into the cloud can unlock even greater value
  • A range of authentication technologies that support true password-less login


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