Have financial institutions accepted a status quo that sacrifices user experience for increased security? With mobile digital identity quickly becoming central to an entire suite of online services, those who challenge the status quo will set themselves up to prosper and grow. Read more to find out three oft-ignored areas of research.

V-OS is the world’s first virtual secure element. Cryptography plays a dual-role in these; to secure and manage the secrets kept within V-OS, and to provide a lightweight yet comprehensive cryptographic library.

V-OS is the world’s first virtual secure element, a software solution with security built into the firmware code. These include secret cryptographic parameters and data, which need to be randomly generated and securely persisted, and are then transformed into code and data files.

From banks to government agencies, many organisations are intrigued by and exploring software security solutions such as mobile tokens and mobile identity systems for individual identification, authorisation and authentication.

Banks in Southeast Asia should look towards software-based biometrics as the way forward to navigate the regulatory differences in the region and secure their customers’ transactions.

As technology evolves, banks and financial institutions have no choice but to innovate. However, when it comes to security, many still rely on traditional, costly methods.