OTP Fraud And Preventative Measures For Businesses & Customers
You received an unsolicited call from someone claiming to be from your bank. They’re trying to convince you that your account...
Q2 Authentication & Fraud Prevention
Q2 Users, Meet Anonybit
Q2 users can now harness the power of Anonybit’s decentralized biometric authentication directly within the Q2 Digital Banking Platform. In an environment where financial institutions face growing threats and evolving compliance demands, this integration delivers a seamless, privacy-preserving solution for multi-factor authentication, step-up verification, and secure account recovery. Anonybit enhances the Q2 ecosystem with patented technology that eliminates reliance on PINs and passwords, reduces fraud risk, and strengthens customer trust without disrupting existing workflows. A new standard in digital banking security.
✕
Why Anonybit for Q2 Banks & Credit Unions?
-
Phishing-resistant biometric MFA
Eliminates PINs and passwords to prevent social engineering attacks and enhance users' experiences.
-
Convenient native integration with Q2
Embedded directly into Q2 workflows; no additional apps or software needed.
-
Device-independent authentication
Works across any device without relying on hardware or mobile certificates.
-
Privacy-first & compliance-ready
Biometric data is decentralized and not stored as PII, meeting privacy law requirements.
How does it work?
Streamline your banking authentication experience.
Users login or authenticate on their Q2 powered banking app with their selfie
The user’s biometric is sharded into anonymized bits for matching
Users are authenticated in milliseconds, providing instant account access
Discover more ways to use Anonybit
Blocklist Checks
Prevent synthetics and known fraudsters from bypassing controls and re-enrolling under another name
Step Up Authentication
Use biometrics instead of weak authenticators to ensure someone is who they claim to be at critical points
Help Desk Authentication
Enable secure, frictionless authentication for callers without relying on security questions
Getting Started with Anonybit in Q2 Developer Studio
1. Start by selecting your use case: passwordless login, step-up authentication, account recovery, or all three
2. Log into your Q2 Developer Studio account and request access to Anonybit
3. Ensure you’re on the right Q2 UUX, HQ, SDK versions; if not, the Q2 team will manage the upgrade and implement Anonybit concurrently
The user experience is exactly as you see in the video for both enrollment and authentication to make it easy and intuitive.
-
"Third-party biometrics eliminate the need for passwords or tokens, improving user experience and ensuring stronger accountability, as biometric traits can't be easily shared. Anonybit builds on these benefits through its integration with the Q2 platform, offering secure, decentralized authentication without relying on device-based storage or centralized systems."
RESOURCES
Stay current on the latest in identity, biometrics, fraud prevention and privacy compliance.
-
Blog -
Blog
7 Uses Cases Of Biometrics In Banking & Why Banks Need It
Imagine reviewing your bank statement and noticing an unexpected charge. Upon investigation, you find that someone has accessed your account and...
-
Blog4 Ways to Safeguard Your Credit Union Members From Fraud
Credit unions, with their member-focused approach and community-oriented services, have become increasingly popular. However, they face unique challenges when it comes...
Are you ready to eliminate the risk of data breaches and account takeover fraud?
Get rid of central honeypots of data. Embrace biometrics across the user lifecycle.