Case Study: International Bank achieves PSD2 SCA-compliant passwordless payments and reduced ATO fraud with Keyless

Keyless for Banks Improving digital defenses with passwordless biometrics

International Bank was facing rising account‑takeover (ATO) and SIM‑swap fraud, clunky password and SMS/OTP two‑factor flows, and friction in PSD2 SCA payment journeys. To modernize authentication while meeting PSD2 and privacy requirements, International Bank engaged Keyless to deploy passwordless biometric authentication ( Keyless’s certified facial recognition, device verification and privacy‑enhancing technologies).

Keyless implemented a passwordless, PSD2 SCA‑compliant MFA solution that provides continuous authentication across login and payment flows — removing passwords, PINs and one‑time codes and securing biometrics with distributed privacy techniques. The Keyless deployment delivered a dramatic reduction in SIM‑swapping and ATO fraud, a decrease in failed and abandoned payments, and a stronger privacy and compliance posture, addressing an industry problem where roughly 50% of fraudulent transactions are caused by ATOs.