Which banks offer passkeys?

Passkeys are a secure, passwordless authentication method based on FIDO2 and WebAuthn standards. They provide a faster and safer way for users to access their bank accounts by replacing passwords with biometric authentication or a device-based credential. Some banks and financial institutions that currently support passkeys include Revolut, UBank, Armstrong Bank, First Financial Bank, AOD Federal Credit Union and Finom (more a fintech than an own bank). These institutions are leveraging passkeys to enhance security, reduce fraud and improve user experience.

• Stronger Security: Eliminates phishing and password-related breaches.
• Better User Experience: Quick login with biometrics (e.g., Face ID, fingerprint).
• Cost Efficiency: Reduces reliance on costly SMS-based 2FA methods.

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Banks are adopting passkeys to address growing cybersecurity threats and customer demands for seamless digital experiences. Traditional authentication methods, such as passwords and SMS-based 2FA, are vulnerable to phishing, SIM-swapping attacks, and poor user experience. Passkeys solve these issues by leveraging FIDO2 / WebAuthn standards, which use public-private key cryptography.

• Phishing Resistance: Passkeys authenticate users without sharing secrets over the network.
• Device-Based Authentication: Passkeys are stored securely on the user's device and protected with biometrics or PINs.
• Cross-Device Support: Users can log in across devices, with passkeys syncing through services like iCloud Keychain or Google Password Manager.

• Revolut: Offers passkeys as part of its commitment to cutting-edge financial technology.
• UBank: A leader in Australia implementing modern authentication solutions.
• Armstrong Bank & First Financial Bank: U.S.-based institutions using passkeys to enhance security and user trust.
• Finom: While not a traditional bank, this fintech company integrates passkeys to simplify user account access.

Passkeys align with industry-wide efforts to improve user authentication. By adopting passkeys, banks are signaling a commitment to innovation and user security. As more institutions integrate passkeys, customers will expect passwordless authentication as a standard feature.

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