O Nubank announced the launch of the “Street Mode” tool, which will allow customers to limit the amounts of their transactions when away from home. The purpose of this feature is deliver more security to the user, preventing criminals from performing banking transactions through the app. Tests will start in the coming days with a fintech customer base.
Enabling “Street Mode” is done in the “Security” section of the app. Upon entering the section, the user will select a Wi-Fi network as secure (for example, the internet at home) and set a maximum bank transaction value — valid for PIX services, bank transfers and boletos — for when disconnected from this network.
“Street Mode” promises security against theft
O “Street Mode” is automatically activated as soon as the user loses connection to the secure network — and off when the smartphone reconnects to the trusted Wi-Fi. With this feature, the Nubank hopes to protect its customers from theft through the app, either by account hacks or by improper access to the smartphone. However, since nothing is perfect, victims of lightning kidnappings are still vulnerable to robberies.
If the limit value is exceeded with “Street Mode” activated, it will be necessary to perform facial recognition authentication to change the limit, repeating all the functionality configuration steps.
In the press release, Nubank does not say when it intends to expand “Street Mode” to cards, loans and investments. These options are visualized in the video published by the company as “available soon”. It is expected that purchases made by mobile phone proximity (NFC) will support “Street Mode” when the function is released for use with cards.
Other Nubank security measures
“Street Mode” is another fintech security tool to protect its customers against scams. Among Nubank’s security measures are:
- Scam Notice, which sends a notification to the customer about suspicious transactions;
- Proof of life in password and transaction recovery, requiring facial biometrics in these situations;
- Priority service for customers who are victims of scams and robberies, accelerating the resolution time of these cases.
https://tecnoblog.net/noticias/2022/10/13/nubank-lanca-modo-rua-para-te-dar-mais-seguranca-ao-sair-de-casa/