News and insight into biometric identification and authentication

TD Waterhouse unveils voice biometrics for customers

Thursday, August 14, 2008

TD Waterhouse, a discount brokerage firm, has implemented a voice recognition system that records specific and unique qualities of a client’s voice as a means of securely identifying the individual, according to an Investment Executive article.

The new system, called Voice Print System, enables Waterhouse customers to make a voiceprint over the phone. The data collected from their voice is translated and encrypted into a mathematical representation and stored in a database to as a means of future identification. Other financial institutions have been implementing similar systems in an effort to reduce the amount of time a customer service representative spends manually identifying a customer.

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PhoneFactor Inc. continues to grow its financial services roster announcing additions to its most recent clientele: Heartland Financial USA, OceanFirst Bank, Northway Bank, and CUANY Credit Union. The PhoneFactor solutions have been utilized by financial institutions as a way to protect customers using e-banking from online fraud. Additionally the PhoneFactor technology can authenticate bank employees for remote logins.

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Anakam Identity Suite has been chosen as the provider of three-factor authentication for West Corporations Fortune 1000 clients. Anakam will work to enhance the ‘West at Home’ service enabling it to feature a unique selection of authentication functions such as voice biometrics and digital signature.

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Elephant Talk Communications, a provider of software and services for the telecommunications and financial services industries, has announced the launch of new voice biometric offering called VALid-SVP.

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PerSay, a developer of voice-based identification authentication solutions, has announced the availability of new functionality available for use on Apple devices, such as the iPhone, iPad and iPod Touch. The new technology, called VocalPassword, is designed to replace virtual keyboard use for filling in user names and passwords with voice-based authentication of the user.

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A webinar hosted by Angel.com, an interactive voice response (IVR) and call center solutions provider, and VoiceVault, a developer of voice recognition biometrics, drives at the need for voice biometrics in call center operations looking for unique alternatives to boost efficiency and lower costs, according to a TMCnet article.

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A new service based on cloud-computing and secured via voice recognition biometrics has been launched. The system enables retailers to set-up and run online businesses with secured financial transactions authenticated either via online or mobile phone, according to an Info Security article.

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