MAS testing, gathering feedback on FiDO-compliant tokens
The Monetary Authority of Singapore is testing new physical tokens known as Fast IDentity Online-compliant tokens, which are meant to improve banking security. It is gathering feedback and considering user journeys, but a timeline for a potential rollout is still unclear. Analysts say persuading users to tolerate some inconvenience might pose the biggest challenge in implementing such tech. CNA speaks to Benjamin Ang, Head of the Centre of Excellence for National Security at the S. Rajaratnam School of International Studies at NTU.
The Monetary Authority of Singapore is testing new physical tokens known as Fast IDentity Online-compliant tokens, which are meant to improve banking security. It is gathering feedback and considering user journeys, but a timeline for a potential rollout is still unclear. Analysts say persuading users to tolerate some inconvenience might pose the biggest challenge in implementing such tech. CNA speaks to Benjamin Ang, Head of the Centre of Excellence for National Security at the S. Rajaratnam School of International Studies at NTU.
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