Sebi mulls biometric check for stock traders via mobile applications
Sebi mulls biometric check for stock traders via mobile applications Securities and Exchange Board of Bharat (Sebi) has projected biometric identification for traders and investors after they access mobile applications to shop for and sell stocks. Aimed at up cyber security, this is often a part of an extended list of counseled dos and don’ts compiled by the markets regulator in a very note recently shared with stock exchanges and brokers. “The draft note says that just in case of applications put in on mobile devices like smartphones and tablets, a cryptographically secure biometric two factor authentication mechanism could also be used,” an individual acquainted with the topic told ET. The proposal, if enforced, would need retail investors use bit ID-enabled smartphones for commerce and sharing biometric options like fingerprint or eye-scan to access their commerce and demat accounts. Offered as Associate in Nursing choice to account holders . The proposal, if enforce...