This paper examines whether passkeys, a passwordless login solution backed by major tech companies, can meet the stringent needs of industries like banking and healthcare. It highlights benefits such as phishing resistance, ease of use, and interoperability across devices. However, it raises concerns about regulatory compliance, enterprise readiness, and reliance on consumer ecosystems controlled by Apple, Google, and Microsoft. The analysis concludes that while passkeys are promising for general use, high-security markets require additional safeguards, multi-factor authentication, and robust identity proofing to ensure regulatory and operational requirements are fully met.

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