Forced app download: Difference between revisions
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The apps generate notifications that require users to approve/deny actions like logging in via a web browser, initiating a payment, adding a payee, etc via the app itself. Some banks previously offered sending an OTP via SMS (text) as an alternative to app-based approval but this has since been discontinued for "security reasons". | The apps generate notifications that require users to approve/deny actions like logging in via a web browser, initiating a payment, adding a payee, etc via the app itself. Some banks previously offered sending an OTP via SMS (text) as an alternative to app-based approval but this has since been discontinued for "security reasons". | ||
On August 1, 2025, in Chile, the [https://www.cmfchile.cl/normativa/ncg_538_2025.pdf General Character Norm N° 538] came into force. <ref>{{Cite web |publisher=CMF |date=17 Jun 2025 |title=REF.: NORMA SOBRE MEDIDAS SEGURIDAD Y AUTENTICACIÓN DE OPERACIONES SOMETIDAS A LA LEY N°20.009 |trans-title=REF.: NORM ABOUT MEASURES, AND AUTHENTICATION SUBJECTED TO LAW N°20,009 |url=https://www.cmfchile.cl/normativa/ncg_538_2025.pdf |url-status=live |access-date=27 Jan 2026 |website=CMF Chile}}</ref> <ref>{{Cite web |publisher=SERNAC |date= | On August 1, 2025, in Chile, the [https://www.cmfchile.cl/normativa/ncg_538_2025.pdf General Character Norm N° 538] came into force. <ref>{{Cite web |publisher=CMF |date=17 Jun 2025 |title=REF.: NORMA SOBRE MEDIDAS SEGURIDAD Y AUTENTICACIÓN DE OPERACIONES SOMETIDAS A LA LEY N°20.009 |trans-title=REF.: NORM ABOUT MEASURES, AND AUTHENTICATION SUBJECTED TO LAW N°20,009 |url=https://www.cmfchile.cl/normativa/ncg_538_2025.pdf |url-status=live |access-date=27 Jan 2026 |website=CMF Chile}}</ref> <ref>{{Cite web |publisher=SERNAC |date=4 Aug 2025 |title=Recomendaciones tras entrada en vigencia de normativa que elimina tarjeta de coordenadas |trans-title=Recommendations after enforcement of normative that removes coordinate cards |url=https://www.sernac.cl/portal/604/w3-article-86685.html |url-status=live |access-date=27 Jan 2026 |website=SERNAC}}</ref> The transaction method with coordinate cards was intended to be officially removed as a transaction alternative, forcing users to download and use the official bank apps to do online transactions. This action caused complaints and concerns. Those controversies made CMF to postpone the law for August 2026. <ref>{{Cite web |date=17 Jun 2025 |title=Tras quejas en el sector financiero, CMF aplaza en un año la eliminación de tarjeta de coordenadas |trans-title=After complaints in financial sector, CMF postpones for one year the removal of coordinate cards |first=Sofía |last=Pumpin |url=https://www.df.cl/mercados/banca-fintech/tras-quejas-por-inconvenientes-para-adultos-mayores-la-cmf-aplaza-un-ano |url-status=live |access-date=27 Jan 2026 |website=Diario Financiero}}</ref> | ||
===Insurance=== | ===Insurance=== | ||