KUALA LUMPUR, Malaysia, July 13, 2026 /PRNewswire/ -- VIDA, Indonesia's leading digital identity and fraud prevention company, showcased its passwordless authentication implementation at the AIBP Conference and Exhibition Malaysia 2026. In his keynote, VIDA Founder and CEO, Niki Luhur, demonstrated how one of Malaysia's digital banks has replaced passwords and OTPs with a stronger authentication model to strengthen protection against increasingly advanced digital fraud.
According to Niki, digital fraud has evolved into a global criminal ecosystem. He illustrated how a single compromised device can trigger a chain of fraud, from malware hijacking banking sessions to stolen funds being routed through mule accounts before being moved offshore. As fraud increasingly targets customer devices, conventional authentication methods such as passwords and one-time passwords (OTPs) have become more vulnerable. Once a device is compromised, fraudsters can intercept OTPs, hijack authenticated sessions, and impersonate legitimate users.
Niki added that financial institutions need to move beyond passwords and OTPs. Passwordless authentication verifies a customer's identity through a trusted device and biometric authentication, rather than codes that can be stolen or intercepted, making it significantly harder for fraudsters to take over accounts.
"Authentication should not be treated as a one-time event. We need continuous authentication throughout the session to prevent advanced attacks such as session hijacking," said Niki.
As part of the keynote, Niki presented a production implementation at one of Malaysia's leading digital banks, demonstrating how passwordless authentication can secure the customer journey, from digital onboarding and customer logins to high-risk transactions and account recovery. By replacing passwords and OTPs with device-bound credentials and biometric authentication, financial institutions can strengthen fraud prevention while delivering a seamless customer experience.
"There doesn't have to be a trade-off between security and user experience. With the right authentication architecture, financial institutions can deliver both," Niki emphasized.
For more information, visit www.vida.id.
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About VIDA
VIDA is licensed Certification Authority (CA) registered under the Ministry of Communication and Digital Affairs of the Republic of Indonesia. Founded in 2018, VIDA provides digital identity services that integrate electronic certificates, digital signatures, identity verification, and transaction authentication, all adhering to world-class security standards, including Public Key Infrastructure (PKI) and biometric verification.
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VIDA Demonstrates How Passwordless Authentication Can Break the Scam Chain
DUBAI, UAE, July 13, 2026 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, launched a new Skill Marketplace within its AI Skill Hub, featuring three AI Earn Skills purpose-built for yield-oriented trading strategies. With more Skills to be added, the marketplace expands the capabilities of Bybit's data-driven AI ecosystem, delivering intelligent solutions tailored to crypto yield optimization.
The three new AI Earn Skills include:
- Dual Asset Smart Dip Averaging (DCA) Strategy: An intelligent automated strategy that executes periodic purchases of dual-asset products when prices fall below specified thresholds. Users can build long-term positions at favorable prices while managing portfolio risk efficiently, with automatic entry point selection optimizing long-term accumulation.
- AI Event Double-Win Strategy: A highly sophisticated AI agent that monitors major market catalysts across reputable information platforms and identifies trading windows for double-win products tied to significant events. The strategy helps users allocate reasonable position sizes on double-win products based on event impact severity, enabling them to capitalize on volatile conditions while balancing downside risk.
- Risk Parity Yield Optimizer Strategy: A dynamic allocation engine that balances crypto holdings across multiple earn products by real-time yield rates. It continuously rebalances portfolios to optimize risk-adjusted returns, suitable for users seeking diversification across savings products, liquidity mining, dual-asset and double-win products.
Each new earn skill is tailored for traders looking to optimize their APR and asset growth strategies for automation and consistency, designed with built-in risk management safeguards and comes with detailed guidance to help users understand mechanics, strategy parameters, and potential outcomes.
AI has become essential in trading and investing, enabling traders to execute complex strategies at scale, respond to market conditions in real-time, and optimize risk management across diverse asset portfolios. Bybit's AI Skills represent a new paradigm in this space: pre-built, intelligent solutions that automate decision-making and execution while allowing users to maintain full control over their strategy parameters and risk tolerance.
All three AI Skills are now available on Bybit AI Hub for eligible traders. The AI Skill Marketplace will continue to diversify with additional solutions engineered to prepare traders for the age of AI-powered trading. By embedding AI capabilities across its trading ecosystem, Bybit empowers users to deploy sophisticated, data-driven strategies without requiring extensive technical expertise or manual monitoring.
Terms and conditions apply. For details of eligibility, potential restrictions, and other information, users may visit: New on Bybit AI Skill Hub: Introducing the Skill Marketplace
#Bybit / #NewFinancialPlatform
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About Bybit
Bybit is The New Financial Platform.
We believe every person should have access to every financial opportunity on earth. That's why we're building the first intelligent platform that connects anyone, anywhere to the world's finance.
Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.
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Bybit Expands AI Skill Hub with Marketplace for AI-Compatible Yield-Generation Strategies
