Financial Services Technology Consortium (FSTC) is building a testbed at Columbia University to study emerging products and technologies for authenticating a financial institution. Financial industry regulators already require banks to provide multifactor authentication for their online banking customers. Financial institution-side authentication would assure customers that they’re actually dealing with their bank, rather than a phisher. FSTC’s project so far involves 24 organizations, although Schutzer can’t name the participating banks. It will test upcoming browsers from Microsoft and Opera, for instance, next-generation authentication software.”]
Source: https://www.darkreading.com/analytics/banks-launch-authentication-project