Text messages are weak backbone of UAE banking security
Can technology rescue the Middle East’s insurance sector?
Banking authentication in Dubai relies heavily on text messages. With cyber security in the international news headlines more than ever, people may believe that using their phone and SMS to verify transactions effectively defends against fraud
Insurtech could inject new life into the Middle East’s lagging insurance sector, but more than that, it could help companies reach brand new customers.
Technology has the power to disrupt the insurance sector in the Middle East, transforming the types of products on offer and finding new ways to reach customers.