Banks across the UAE are accelerating a shift beyond traditional one-time-password (OTP) systems, redesigning their authentication, fraud detection and customer communication frameworks. The transformation, driven by new regulatory directives from the Central Bank of the UAE, aims to build stronger defenses against evolving digital threats.
Leading banks, fintechs and cybersecurity partners are deploying multi-layered authentication, biometric verification, and AI-led fraud monitoring tools. Insiders say a double-digit share of digital budgets is now being dedicated to fraud-prevention and identity technology placing UAE institutions among the global leaders in secure mobile banking innovation.
For finance, fintech, cybersecurity and compliance professionals across the GCC, this evolution signifies surging demand for advanced security skills and roles combining user experience design with regulatory compliance expertise.
