Security & Compliance · Identity & AccessstructuralB2CMobileOnboardingIdentity Access

International Customers Locked Out of Bank Accounts by US-Only Phone Verification

Customers who move abroad or change phone numbers lose access to their bank accounts and mortgage portals because verification systems only accept US phone numbers. Multi-factor authentication cannot be bypassed or updated through alternative methods, leaving customers unable to view balances, make payments, or communicate with servicers. The issue is structural across financial institutions relying on SMS-based identity.

1mentions
1sources
5.15

Signal

Visibility

6

Leverage

Impact

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Problem descriptions, scores, analysis, and solution blueprints may be updated as new community data becomes available.