Change in BCU Regulation: An opportunity to increase security and meet new requirements

Recently, the Central Bank of Uruguay proposed a regulatory change that introduces New obligations regarding double authentication to protect users from potential fraud. This regulation requires issuers of electronic instruments to implement a Two-factor authentication for operations such as: 

💸 Transfers or payments to third parties from a bank account. 

🏦 Transfers to the user's own accounts at another institution. 

💻 Loan applications made remotely. 

In SimpletechWe can help you comply with these new regulations that will come into effect from January 2025, in an efficient and safe manner. 

How do we do it?

Our platform WittySuite, used by our clients to manage their communications via WhatsApp and other channels, offers key tools that align perfectly with these new demands: 

🔒 Strong Authentication: Thanks to our advanced voice and facial biometrics functionalities, combined with the sending of tokens (verification code) by WhatsAppWe offer a robust solution to implement two-factor authentication, protecting both companies and their customers against fraud. 

📲 Mass and Custom Notifications: Our ability to send push notifications via WhatsApp and SMS ensures that users receive information about their transactions in real time, complying with the new obligation to notify each transaction. 

With these tools, not only We facilitate regulatory compliance, but also We improve the customer experience, offering security and tranquillity in every interaction. 

💡 If your company is looking to adapt to this new regulation and would like to know how we can help you implement these solutions, please do not hesitate to contact us. 


Institutional

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