D

DuoAuth

A client App for Double Authenticating all transactions which are done in corporate firms by employees before hitting the request to Bank core API.

D

DuoAuth

A client App for Double Authenticating all transactions which are done in corporate firms by employees before hitting the request to Bank core API.

The problem DuoAuth solves

Banks provides its Fund transfer APIs to corporate clients to enable digital payments

directly from client’s ERP solution.Currently Fund transfer is a straight through process

without secondary authorization, i.e Bank’s corporate client can make payments to

vendors / salary disbursements / bill payments for any value of transaction.

The idea is to explore a second leg of Authorization – create access based approvals with 2

layered consent from client before transactions of higher value are executed and debited from

their Bank A/C.

Technologies used

Discussion