Enhancing Security and User Experience in Digital Banking through OAuth 2.0: Challenges, Implementations, and Future Trends

Digital banking has transformed the financial services landscape, offering convenience, accessibility, and speed. However, this transformation also brings significant security and usability challenges. OAuth 2.0, an open-standard authorization protocol, has emerged as a critical component in enhancing both the security and user experience in digital banking. This paper explores how OAuth 2.0 addresses digital banking's security needs, improves user experience, and discusses the challenges and limitations associated with its implementation. It also examines real-world use cases and future trends that will shape the evolution of secure digital banking ecosystems.