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What are the security features of OTP SMS services for BFSI companies? sms2orbit

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In the banking, financial services and insurance (BFSI) sector, security is paramount. OTP (One-Time Password) SMS services have become an essential tool for ensuring safe and seamless digital interaction. Below are some of the key security features of OTP SMS services that make them indispensable for BFSI companies: 1. Time-limited validity OTP codes are only valid for a short time, thus minimizing the risk of unauthorized access. This ensures that even if someone captures the OTP, they cannot use it once it expires. 2. Dynamic and non-reusable codes Each one-time password is unique and dynamically generated for one transaction or session. Once used, the OTP becomes invalid, preventing attackers from re-using it for fraudulent purposes. 3. End-to-End encryption Messages containing the OTP are transmitted over secure and encrypted networks, ensuring that they cannot be intercepted or altered during delivery. This protects sensitive information from cyber threats. 4. Two-factor authen...

How are OTP SMS services compliant with Indian DLT regulations? sms2orbit

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 If you are wondering how OTP SMS services comply with DLT regulations in India, here is a clear and easy to understand guide. What are the DLT regulations? The DLT framework is a blockchain-based system implemented to ensure transparency, prevent spam, and protect consumers from spam. Within this system, every entity involved in sending SMS (companies, telemarketers and telecommunications operators) must register on the DLT platform. For OTP SMS services , DLT compliance ensures that messages are delivered securely, quickly and without violating privacy regulations. Steps for OTP SMS compliance with DLT regulations DLT registration Businesses must register their entity on an approved DLT platform. Popular platforms include Vodafone Idea, Airtel and Jio. The registration process requires KYC (Know Your Customer) documents and company details to verify the entity. Template approval OTP SMS messages must have a pre-approved format. Businesses are required to submit SMS templates to ...