Development of an Enhanced Mobile Banking Security: Multi-Factor Authentication Approach


  • J. N. Ndunagu National Open University of Nigeria
  • U J Nwoduh Federal Polytechnic, Nekede, Owerri


Mobile banking, security, multifactor, authentication


Technology has played a significant role on how we work, play and interact. The future of finance is not left out in the emerging technological wave rapidly disrupting conventional modes of operation. Banking transactions can now be done via the web and mobile applications. With these new and innovative self banking applications, there has been an increase in cases of identity theft. This paper focuses on the development of a highly secure mobile banking platform to check mobile device identity authentication vulnerabilities. The study presents a framework to overcome the limitations of authentication models for mobile banking applications. This means banks will need to handle fraud detection using a more secure multi-factor approach. Banks that provide a secure and frictionless mobile banking experience will be rewarded with happier customers. The methodology adopted is structured system analysis and design. The software development tools used include Android Integrated Studio 2.2, XML, Java JDK and SQ lite. The new application of multifactor authentication built on smart biometrics can bridge the gap between usability and security to create a frictionless mobile banking experience.