Absolutely, this app uses the latest in security technology to protect you and your personal finances:
- There is validation on the email address you use to create your digital ID via the Verification code process.
- There are authentication processes when adding products using credentials from other channels (ATM PIN, Online Share Trading(OST)and Insurance)
- There is a two-step one-time-password (OTP) authentication for Secure Banking transactions.
- Insurance validates that the registered account holder matches the policy holder by using the banking profile details.
- All data sent to and from the device is encrypted using SSL (https) technology.
- Customer data is not stored on the device once a usage session ends.
- The device is locked to one user at a time.
- There is back-end validation of value transactions.
Electronic account payment and cash limits prevent large money transfers.