Factoring The Bank Feed Challenge
What is Multi Factor Authentication Bank feeds (also known as extractors) are what connect banks to various accounting platforms. These data exchanges provide accountants, lenders, as well as other applications within the financial technology (Fin Tech) sector with valuable consumer information. But what protects your personal data from falling into the wrong hands? Multi Factor Authentication. Depending on your banks security requirements, you may be required to answer additional security questions, or reply to an email, text, or phone which is commonly known as multi factor authentication (MFA). Like your financial institution, Common Types of MFA Currently there are three…
- Date: July 4, 2018
- Author: parkwayinc
- Category: Bank Feeds