There are mobile apps for a lot of everyday transactions now. You can buy groceries online, pay for your television, buy books and even take loans online. One challenge is this, how do you guarantee the security of these apps? Considering sensitive information that may be stored in the app.
Tunde Jejeri is the Chief Technical Officer of Bogomoney, a Fintech company that operates a web and mobile app (Android and iOS). They have five thousand users on the platform and the number is growing, with millions of naira being processed via their web and mobile app daily.
Tunde Jejeri is concerned with ensuring more secure logins and transactions after several customers complained about unauthorized access and transactions on their accounts.
Two Factor Authentication – We can implement One Time Password (OTP) for Bogomoney. Allowing users to receive OTPs as SMS or via Voice calls each time they try to log in, thus authenticating from two ends.
Instant Alerts – We can also make sure users receive alerts each time a transaction is carried out on their accounts.
USSD – We can build a USSD application, integrate with the various mobile network operators for Bogomoney, thereby allowing people use the application via USSD only on a number registered with Bogomoney and with a PIN.