Why passkeys in the financial services industry
Passkeys for Financial Services
Prevent account fraud, streamline digital banking access and meet strict regulatory standards with passwordless, phishing-resistant passkeys.
PSD2 & GDPR compliant
4x faster customer onboarding
70% lower MFA-related costs
These financial service companies have rolled out passkeys:
Benefits for Financial Service Companies
Prevent Fraud. Boost Engagement. Lower Costs.
100%
Phishing-resistant MFA
Stop phishing and credential fraud, protecting accounts and data.
35%
Higher Booking Conversion
Frictionless logins drive higher booking completion.
50%
Reduced Support Requests
Fewer password resets and account recovery issues lower operational costs.
VicRoads uses Corbado to offer passkeys to 5 million users
Corbado stands out as a trusted passkey partner meeting our technical, security and customer requirements. Via their enterprise-grade support they provided 24/7 availability, on-site implementation assistance and project management.
Igor Gjorgjioski, Head of Digital Channels & Platform Enablement, VicRoads
Feature Walkthrough
See Corbado's Passkey Solution for Financial Services in Action
Explore how Corbado seamlessly integrates into existing systems, simplifying deployment and enhancing security at scale.
Live Usage
Get the current number of created and used passkeys
Funnel Analysis
Learn and optimize login paths
Process Search
Understand the specific login path of a user
Gradual Rollout
Roll out passkeys in phases without risk
Passkey Adoption
Get activation and login rates
Passkey Insights
See where your users store their passkeys
Calculate your Passkey ROI
Our passkey data lets us project your readiness, activation & login rates. Share your device traffic and login frequency and we’ll project your passkey ROI.
Start your ROI Calculation
Learn how to implement passkeys as a financial service company
Get our Financial Services Passkey Whitepaper!
Discover why financial services implement phishing-resistant MFA with passkeys. Learn what's crucial for passkey implementation, avoid mistakes and understand passkeys' business impact.
Build vs buy
Higher passkey adoption. More savings.
Corbado helps you achieve high passkey adoption and login rates, realizes maximum cost savings for SMS OTP, and handles all the passkey implementation complexities for you.
Corbado Passkeys
DIY Passkeys
Passkey Intelligence™
Only offer passkey logins to users if passkeys are available
Sophisticated intelligence out-of-the-box
Requires significant self-development
Implementation effort
Build up WebAuthn know-how, design user flows & integrate into existing system
Low effort
Huge effort (design solution from scratch)
Tested passkey UI/UX
Create user-friendly passkey flows and passkey copy
Best-in-class passkey UI/UX
Come up with own passkey UI/UX and test it yourself
Passkey adoption rate
Share of accounts with at least one passkey created (3 yrs)
50-80% passkey adoption rate
5-10% passkey adoption rate
Passkey login rate
Share of passkey logins from accounts that have at least one passkey (3 yrs)
60-90% passkey login rate
5-10% passkey login rate
SMS OTP cost savings
How much SMS OTP savings can be achieved by passkey usage
60-90% savings possible
5-10% savings possible
See the full list how Corbado helps you achieve high passkey adoption, passkey login rates and high SMS cost savings in our whitepaper.
Get WhitepaperMake your passkey project a success
How to successfully introduce Passkeys?
Read our blog posts about introducing passkeys and learn from leaders.
Talk to a Passkey Expert
See how Corbado prevents account fraud and enhances your customers' digital experience.
Connects to your IdP / CIAM
10x higher passkey adoption
Reduced Cost