How Banks and FinTechs Use Transactional SMS for Secure Alerts

With banks, FinTech companies, and new-age digital banking firms rolling out their services in a tech-savvy world, attention to user security, risk communication, and other real-time user measures is crucial. Customer care via transactional SMS messaging has now become a security staple during sensitive customer engagements, starting from login OTPs to balance queries. Transactional SMS today renders instant, secure, and important information transmission. Let’s analyze further how banks and other financial service providers have adopted transactional bulk SMS as part of their business strategies, and how their unique communications infrastructure relates to enabling security and flexible reliability. Importance of Bulk SMS in the Financial Sector Transactional SMS stands for automated broadcasts sent to subscribers where certain criteria have been met. For banks and FinTechs, these SMS messages may stimulate: Login and transaction OTPs (One-Time Passwords) Confirmation messages for...