Kill the password. Keep the regulator happy.
Paswad gives banks phishing-resistant login, KYC-verified identity, and per-payment signing — with the audit trail your compliance team already asks for.
Less fraud. Less friction. Less audit pain.
Account takeover
Phishing-resistant passkeys remove the #1 retail-banking fraud vector at the root.
PSD2-ready by default
Strong customer authentication and per-payment signing satisfy SCA out of the box.
Support tickets
No resets, no SMS OTP costs, no lockouts — login just works on every device.
Illustrative figures for design review.
Re-verify a customer
without the call center.
Step-up authentication your customers don't resent. One passkey touch confirms a verified identity and authorizes the action — phishing-resistant and PSD2-ready.
Drop-in compliance, not a 12-month project.
Questions from risk teams
Yes. Paswad is the identity & auth layer; your brand, app, and account data stay yours. Customers consent to share a verified identity, nothing more.
Live re-verification against the customer's immutable web passport, with risk-gated agent review and a post-recovery cool-down — no emailed reset links.
Yes — run passkeys for opted-in users first, then retire passwords once coverage is high. Integration is WebAuthn + OIDC.
Passwordless banking, answered
Common questions from bank risk, fraud, and compliance teams about PSD2 SCA, passkeys, and payment signing.
How does Paswad satisfy PSD2 strong customer authentication (SCA)?
Paswad delivers two of the three SCA factors in a single step: possession (a passkey bound to the customer's device) and inherence (the device biometric that unlocks it). For payments, our per-transaction signing binds the approval to the specific amount and payee, meeting the SCA dynamic-linking requirement out of the box — no SMS OTP needed.
Will passkeys actually stop account-takeover fraud?
Yes. Passkeys are phishing-resistant by design: the credential is cryptographically bound to your bank's domain, so a spoofed login page or stolen OTP simply has nothing to replay. This removes the credential-theft and SIM-swap vectors behind most retail account takeovers. See our security model for the full threat breakdown.
Does Paswad hold customer funds or account balances?
No. Paswad is purely the identity and authentication layer — your bank keeps every account, balance, and ledger. We verify who the customer is and cryptographically sign their actions; we never touch money. Customers consent to share a KYC-verified web passport, and the signed event log stays exportable for your compliance team.
Can we add step-up authentication for high-value payments?
Absolutely. You can require a passkey touch as step-up on any high-risk action — a large transfer, a new payee, or a beneficiary change — while routine logins stay frictionless. Each step-up produces a signed, auditable record tied to the verified customer, giving your risk team a defensible trail. Explore the developer flow in our docs.