More Safety When Using NEEBank Digital Banking

With the head-spinning global rise of digital and mobile banking, questions about the safety and security measures of e-money platforms emerge.

We have learned about the advantages and benefits of digital banking. Most digital banks operate as the model of no branch transactions, so transactions are completely received and processed on the internet platform. This makes many people wonder about the confidentiality of customer information and the safety of using digital banking financial services.

Customer identification – KYC

For the banking and finance industry, customer identification is a mandatory process to ensure customer identity. This is the process of identifying customers periodically.

Click here to read more about KYC.

Additional security of two-factor authentication

Also known as two-step verification. Two-factor authentication is a common security measure users use when logging in to digital bank accounts. The way it works is quite simple.

When you log in to your account, along with your password, you must enter a one-time passcode (OTP code). This code is usually sent by SMS on your mobile phone. This way, even if someone has your master password, they can’t access your account or make transactions without the passcode. Authentication code (OTP) sent to SMS for each login will be a completely new code.

Transparency on Blockchain platform

Blockchain – blockchain technology platform designed to resist changing data. So Blockchain is suitable for event recording, medical records, transaction processing, notarization, identity, and proof of origin. This has the potential to help erase the big consequences when data is altered in the global trade landscape.

Time-saving with Artificial Intelligence (Artificial Intelligence)

Compared with the traditional method of processing financial transactions by tellers, digital banking business processes are designed specifically with the application of artificial intelligence. Guaranteed 100% accuracy, completely minimizes the risk of error by humans.