Unity Bank unveils USSD platform to fight e-banking fraud

The bank said the new code allows customers to block access to their bank accounts, hence without recourse to it. A customer, according to a statement from the bank, is able to prevent and protect his bank account from unauthorised access using any mobile device if fraud is suspected.

Leveraging necessary technology to protect the bank’s assets including the customer’s bank account remains a top priority for the bank in the face of rising cyber-security threats. The bank said regulators are expected to be business facilitators and the SEC is working hard at facilitating the ease of doing business as well as bridge the gaps and aid companies meet expectations of compliance.