Despite decades of discussion about eliminating passwords, financial institutions face a fundamental paradox: they advocate for passwordless security while nearly every new account still begins with password creation. As the industry reaches an inflection point similar to the chip-and-PIN migration, financial services organizations must overcome interoperability challenges, risk aversion and human resistance to behavior change.

In this insightful discussion, the panel of experts will discuss:

• Implications for the future of identity;
• The role of data analytics and AI in supporting passwordless security frameworks;
• Key barriers to passwordless adoption: interoperability challenges, perceived customer education burden and the paradox of password-based account creation.