What security standards must a neobank app meet ?

[callie morgan]

A neobank app must follow strict rules to protect user information from threats. This involves powerful encryption, multi factor authentication, secure storage methods, and continuous monitoring to catch unusual activities. Compliance with PCI DSS and regional banking regulations is also necessary for legal operation. In neobank app development it is important to create strong privacy centered systems so users feel their details and transactions stay guarded each time they open and use the app.