FNB launching multiple new features for banking app

mmmig said:
If you enable the fingerprint unlock on the app you have immediate access to your entire banking profile and considering that you also receive 2 factor authentication on the same device in theory somebody can literally hold you up and empty your accounts in a matter of minutes
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If they wanted access to your banking app, they'd make you enter your password anyway.

If this is your concern, you shouldn't have a banking app on your phone in the first place...
 
mmmig said:
If you enable the fingerprint unlock on the app you have immediate access to your entire banking profile and considering that you also receive 2 factor authentication on the same device in theory somebody can literally hold you up and empty your accounts in a matter of minutes
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And this is different from them asking for your password how?

It doesn't make fingerprinting insecure. Insecure would mean someone getting access to your data without your knowledge.
 
Mike Hoxbig said:
If they wanted access to your banking app, they'd make you enter your password anyway.

If this is your concern, you shouldn't have a banking app on your phone in the first place...
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Takes to long to intimidate a person is rather impractical, also another scenario is if you in accident and lying unconscious or worse and somebody can just unlock your phone then unlock your banking app with just your fingerprint and then empty your account. this is such glaring security flaw

...but then again maybe I didn't test the payment process with the fingerprint unlock on the FNB App maybe they do ask for password verification when you try to make payment, I didn't test it out.... I need to test it out to see if my hypothesis is true.
 
mmmig said:
Takes to long to intimidate a person is rather impractical, also another scenario is if you in accident and lying unconscious or worse and somebody can just unlock your phone then unlock your banking app with just your fingerprint and then empty your account. this is such glaring security flaw
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Yep, the 0.001% chance of that happening is an obvious security flaw.

I mean why do the hard thing and steal your wallet - when they can just unlock your phone with your bloody fingerprint, then unlock your banking app with the same bloody finger, then try to enter all their account details to siphon off your money to them, while still needing to authorise all transactions via 3D secure. All while the police and ambulance are on their way...
 
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Mike Hoxbig said:
Yep, the 0.001% chance of that happening is an obvious security flaw.

I mean why do the hard thing and steal your wallet - when they can just unlock your phone with your bloody fingerprint, then unlock your banking app with the same bloody finger, then try to enter all their account details to siphon off your money to them, while still needing to authorise all transactions via 3D secure. All while the police and ambulance are on their way...
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and the 7 or so people this happens to will cause FNB millions in bad PR
 
mmmig said:
Takes to long to intimidate a person is rather impractical, also another scenario is if you in accident and lying unconscious or worse and somebody can just unlock your phone then unlock your banking app with just your fingerprint and then empty your account. this is such glaring security flaw
Click to expand...

It's not a security flaw.

It's an opt-in convenience that adds very circumstantial security risk.

...but then again maybe I didn't test the payment process with the fingerprint unlock on the FNB App maybe they do ask for password verification when you try to make payment, I didn't test it out.... I need to test it out to see if my hypothesis is true
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There is no confirmation/verification as it's assumed you are doing this from an already verified device.

It's 100% possible to opt-out (or rather not opt-in at all) if this is a major security concern for you.
 
Nice

Now we want AI, ie. know when I might want to order something and pay for it in advance.
 
FNB unveils new eBucks Travel offering

FNB has launched a fully-fledged travel offering for its eBucks platform, called eBucks Travel.

FNB CEO Jacques Celliers unveiled eBucks Travel at an event in Sandton, Johannesburg on 16 May 2018.

The bank also launched numerous online tools which will improve customer experience, such as the ability to open an account by taking a selfie.
 
This reminds me of the punch-line in the short-term insurance ad that is currently running on tv
"What could go wrong?"

The whole convenience uber alles drive gives me the hibbie jirbbies!
 
There are other such functions in the pipeline. Proof of residence without having to provide a bill, for example.
If it's done well, it'll definitely create convenience. If done poorly, however...
 
Must really grind Capitecs gears that they have to rely on a partially Standard Bank owned company to provide one of the fundamental products a bank should provide....
 
backstreetboy said:
Much better and easier partnering with an existing company then trying to reinvent the wheel. All new app based overseas banks are doing it like Number 26 etc.
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When did homeloans become this complicated invention? You either offer it or you don't.

Don't expect plebs paying their R5 a month to understand this though...
 
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