Banking security tips

Improving Banking Website and App Security: Tips and Recommendations

In 2024, having robust banking systems security is crucial. Just like we fortify our homes against potential thefts, banking institutions must bolster their core software and banking app security to safeguard sensitive financial data. Surprisingly, many banks in New Zealand and Australia struggle with navigating system and data security waters when it comes to improving this vital aspect of their operations.

In this blog, API Connects – trusted for core banking architecture solutions in New Zealand – will offer valuable insights and practical tips to help in fortifying your core security measures for banking systems. Stay tuned till the end because we’ll also tell you about a trusted core banking technology services provider capable of boosting your bank software and app security at a pocket-friendly cost.

How to Improve Core Banking Security?

By prioritizing these core banking security measures, you will not only be able to protect your financial institution but also foster trust among clients. Put simply, reinforce the foundation of a secure and reliable banking experience:

Implement Multi-Factor Authentication (MFA)

Strengthening banking system security starts with the implementation of MFA. By asking users to authenticate through multiple means such as passwords, biometrics, or one-time codes, MFA adds an extra layer of defence. Even if one authentication factor is compromised, the likelihood of unauthorised access significantly diminishes.
Put simply, this core banking system security protocol will provide a robust barrier against potential security breaches of your banking app or website.

Regular Security Audits and Penetration Testing

For those who’re new to this concept, let us tell you that regular security audits and penetration testing are imperative for identifying vulnerabilities within the banking system. Basically, these proactive measures involve simulated cyber-attacks to assess the system's resilience.
By consistently evaluating and addressing weaknesses, financial institutions can stay ahead of potential threats. They can fortify their defenses against evolving cyber risks.

Encryption Protocols for Data Protection

As we said earlier, protecting sensitive data is paramount. Guess what? Robust encryption protocols can help you achieve this. Encrypting data, both in transit and at rest, will help you make certain that even if unauthorized banking access occurs, the data remains indecipherable.
Ask your banking website or app developer to employ industry-standard encryption algorithms. This will help your bank create a formidable barrier against potential breaches. It will reassure your clients that their financial information is secure and confidential.

Continuous Monitoring and Anomaly Detection

Many real-time monitoring and anomaly detection tools can provide an ever-watchful eye on your banking systems' activities. By using software like Numenta, AVORA,, and Paynet Banking platform, you can swiftly identify unusual patterns or behaviors. This proactive approach will also enable your bank to mitigate risks promptly, preventing unauthorized access before it escalates
Remember, continuous monitoring is a pivotal component of a robust banking software or app security strategy. It can help you make sure that any deviation from normal activities is addressed promptly to maintain a secure banking environment.

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Employee Training and Awareness Programs

Being human means we all sometimes make mistakes - true. But you know what? A single mistake in the cyber world can come with significant consequences.
That’s why our next core banking system security recommendation is that financial institutions should invest in comprehensive employee training programs.
Regular awareness initiatives will educate your staff about potential risks including phishing scams and social engineering tactics. By empowering employees with knowledge, banks can create a frontline defence against inadvertent security lapses. They can foster a security-conscious culture within the financial organisation.

Secure API Integration

With the digital transformation of the financial sector, securing Application Programming Interfaces (APIs) is paramount. Ensure that your API integration adheres to industry best practices for core banking security. Implementing tokenization and robust access controls will guarantee that data shared between your systems remains confidential.
By prioritizing secure API integration, you can improve your bank’s digital infrastructure against unauthorized access and potential data exposure!

Adopting Behavioural Biometrics

Let’s be honest here! Given that cyber threats are evolving faster than before, traditional authentication methods may fall short. This is why we believe that using behavioural biometrics such as analyzing keystroke dynamics and mouse movement patterns will add an extra layer of identity verification.
This innovative core banking security solution will improve security without imposing additional burdens on customers. In simple words, it will provide a seamless yet super safe user experience. By leveraging behavioral biometrics, banks can stay ahead of sophisticated cyber threats while boosting overall system security.

Collaboration with Cybersecurity Experts

Establishing strategic partnerships with core banking experts and consulting firms is a proactive step in maintaining robust security. These professionals bring specialised knowledge and offer tailored insights into emerging threats. Regular consultations will ensure that your banking systems stay abreast of the latest security measures, fostering a dynamic defence against evolving cyber risks.
Collaborating with cybersecurity experts like API Connects will strengthen your institution's security posture. Ultimately, safeguarding you against potential vulnerabilities and attacks.

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Why API Connects is the Best for Core Banking Security?

Now that you’re equipped with the knowledge of optimal core banking safety tips and recommendations, a crucial question arises: “How can I seamlessly implement these security strategies?”

*Enter API Connects*

Yes, you read it right! We can be your trusted partner in fortifying banking systems. Specializing in secure, modular CORE banking systems, we go beyond conventional measures to safeguard consumers, adhere to government and industry requirements, and provide robust security auditing.
At API Connects, we take pride in developing solutions that not only meet the stringent demands of the financial sector but also exceed expectations. Our commitment extends to preventing data breaches with recovery capabilities, aligning seamlessly with Anti-Money Laundering (AML) rules.
With a highly experienced team that is focused on innovation and security, API Connects , New Zealand emerges as the best choice for institutions seeking a partner to navigate the complexities of enhancing core banking security. Join hands with us, and let’s fortify your banking infrastructure together!

Core Banking App and Website Security: Final Words

There you go!


We’ve provided insightful solutions to fortify the core security of your banking systems (software, app and website). Remember, safeguarding your financial infrastructure is a continuous journey. Implementing multi-factor authentication, conducting regular security audits, and leveraging encryption are crucial steps.


API Connects is prepared to be your banking technology ally. We will offer secure, modular CORE banking systems tailored to meet industry standards. With our commitment to compliance and innovative security measures, you can trust us to elevate your banking security seamlessly.


Choose us for a robust and resilient banking experience! Contact us at +64 (22) 049-6532 or to start a discussion today.


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