The Australia & New Zealand Bank (ANZ) to close SMS authentication hole

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January 10th, 2014
  • The Australia & New Zealand Bank (ANZ) to close SMS authentication hole The Australia & New Zealand Bank (ANZ) to close SMS authentication hole

    The Australia & New Zealand Bank (ANZ) to close SMS authentication hole

The Australia & New Zealand Bank (ANZ) to close SMS authentication hole – offering voice biometrics on mobile applications.

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The Australia and New Zealand Bank to implement a biometric system

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January 9th, 2014
  • The Australia and New Zealand Bank to implement a biometric system The Australia and New Zealand Bank to implement a biometric system

    The Australia and New Zealand Bank to implement a biometric system

The Australia and New Zealand Bank is closer than ever to implementing a biometric system to authenticate its customers.

Speaking at a technology briefing in Sydney, ANZ’s CEO Phil Chronican said the plans are still in the early planning stages, but a functional system would be implemented in the next year to a year-and-a-half.

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OneVault News is now Monthly

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August 15th, 2013
  • OneVault News is now Monthly OneVault News is now Monthly

    OneVault News is now Monthly

For those of you who have noticed the absence of the OneVault weekly news update, we have made the decision to distribute our news update on a monthly basis. We will continue to update our Twitter feed regularly with interesting or topical voice biometric commentary.

 

Mobility Matters

In many respects, two of the key advantages of voice biometric authentication is the fact that it is the only biometric that allows remote access and – if you are anything like most people – it means you don’t have to remember multiple and complex  passwords. Imagine never having to remember another password…….

 

In our world of prolific, mobile online communication being able to apply a solution that addresses remote, access as well as ‘allowing’ a password that is secure as it can be without having to remember it – sounds almost too good to be true.

 

Voice biometric authentication rapidly being adopted globally and the antiquated ‘username/password’ process could be a thing of the past in the not too distant future. We say, “Bring it on!”

 

Read, “Mobility Matters: Biometrics Rising.” http://www.cutimes.com/2013/05/28/mobilitymatters-biometrics-rising

 

In the same vein, a growing number of corporations and mobile app developers are using voice biometrics to allow access to important services, read the piece on “Best practice methods for ensuring the use of voice biometrics in contact centres.” http://www.callcentreclinic.com/news/best-practice-methods-for-ensuring-the-use-of-voice-biometrics-in-contact-centres-48479.htm

 

Until next month…

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8.1Million US Citizens Victims to Identity Fraud

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July 21st, 2013
  • 8.1Million US Citizens Victims to Identity Fraud 8.1Million US Citizens Victims to Identity Fraud

    8.1Million US Citizens Victims to Identity Fraud

8.1Million US citizens victims to identity fraud

Understand more about the security landscape and what it means for your business and consumers. We’re always gathering compelling statistics from top sources in various relevant categories to help you make the case for an identity protection product.

http://www.csid.com/resources/stats/identity-fraud-in-the-us/?sf15048544=1

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Speech Technology Conference Featuring Voice Biometrics (New York)

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July 21st, 2013
  • Speech Technology Conference Featuring Voice Biometrics (New York) Speech Technology Conference Featuring Voice Biometrics (New York)

    Speech Technology Conference Featuring Voice Biometrics (New York)

Upcoming Speech technology conference featuring voice biometrics (New York)

http://www.speechtek.com/2013/

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OneVault Targets Voice Biometrics Market

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July 21st, 2013
  • OneVault Targets Voice Biometrics Market OneVault Targets Voice Biometrics Market

    OneVault Targets Voice Biometrics Market

The start-up technology company hopes to convince South Africa’s corporate sector of the value of voice-based biometrics for remote authentication.
By Duncan McLeod.

The next time you call your bank or your telecommunications provider, you may be asked to speak a few words so that software can determine whether you are, in fact, who you claim to be.

A new South African technology company, OneVault, is hoping companies adopt remote, voice-based biometrics in their contact centres to reduce incidents of fraud and improve service times, in the process reducing costs.

Led by CEO Paul Hutton, who was previously head of the TransUnion credit bureau, OneVault was founded a year ago and shareholders include three private trusts and Pivotal Capital, a venture capital business made up of Hutton, and businessmen Bruce Arnold and Joel Stransky (the former Springbok fly-half).

OneVault has developed a cloud-based, bureau-type service for voice biometrics in partnership with international voice recognition and biometrics specialist Nuance. Instead of building its own sales capacity, the company has chosen to work through established IT services partners. Its preferred partners are Dimension Data, EOH and Altron subsidiary Bytes.

Hutton explains that the voice biometrics technology has a range of potential applications beyond call centres. It could be used to authenticate online banking sessions, for instance, or at banks’ automated teller machines. It eliminates the need for passwords.

Here’s how it works. A bank customer, for example, registers his voice with the institution by reciting a sequence of words, often by counting from one to 10. The voice is enrolled against the customer’s ID number. Once the voice is enrolled on the system, the customer is able to determine which applications and services it can be used for, whether it can be shared […]

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Foiling Identify Theft

By  
July 3rd, 2013

There has been a range of articles produced this past week that reinforces the OneVault business concept and why we believe that South African companies need to embrace the role of Voice Biometrics sooner rather than later in their multi-factor authentication strategies. In fact, it almost seems like OneVault has written them! The fact is that Voice Biometrics just makes sense. From having an amazingly positive impact on reducing the opportunity for identify theft (Multi-factor Authentication the solution for identity theft) through to ‘being your own password’ – voice biometric solutions are starting to proliferate at an amazing speed (Becoming your own password).

OneVault’s CEO – Paul Hutton – was also fortunate enough to have the opportunity to chat Duncan MacLeod, Editor of TechCentral on who and what OneVault is doing as a business.  Click here to read the full article – Onevault targets voice biometrics market.

Until next week…

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OneVault Targets Voice Biometrics Market

By  
June 28th, 2013
  • OneVault Targets Voice Biometrics Market OneVault Targets Voice Biometrics Market

    OneVault Targets Voice Biometrics Market

The start-up technology company hopes to convince South Africa’s corporate sector of the value of voice-based biometrics for remote authentication.
By Duncan McLeod.

The next time you call your bank or your telecommunications provider, you may be asked to speak a few words so that software can determine whether you are, in fact, who you claim to be.

A new South African technology company, OneVault, is hoping companies adopt remote, voice-based biometrics in their contact centres to reduce incidents of fraud and improve service times, in the process reducing costs.

Led by CEO Paul Hutton, who was previously head of the TransUnion credit bureau, OneVault was founded a year ago and shareholders include three private trusts and Pivotal Capital, a venture capital business made up of Hutton, and businessmen Bruce Arnold and Joel Stransky (the former Springbok fly-half).

OneVault has developed a cloud-based, bureau-type service for voice biometrics in partnership with international voice recognition and biometrics specialist Nuance. Instead of building its own sales capacity, the company has chosen to work through established IT services partners. Its preferred partners are Dimension Data, EOH and Altron subsidiary Bytes.

Hutton explains that the voice biometrics technology has a range of potential applications beyond call centres. It could be used to authenticate online banking sessions, for instance, or at banks’ automated teller machines. It eliminates the need for passwords.

Here’s how it works. A bank customer, for example, registers his voice with the institution by reciting a sequence of words, often by counting from one to 10. The voice is enrolled against the customer’s ID number. Once the voice is enrolled on the system, the customer is able to determine which applications and services it can be used for, whether it can be shared […]

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SMARTER AUTHENTICATION?

By  
June 26th, 2013

Interesting piece in last week’s BiometricUpdate.com referencing the latest research from Heavy Reading – Biometrics Offer Promise for More Secure Smartphones. Quite simply, as the use of smart devices becomes the device of choice in transacting online, the pressure to enhance the security features of these devices is growing fast. Biometrics is seen as the obvious way to enable the levels of secure authentication required – unique, personal identification. The interesting thing is that this requirement is not only been driven by users but by enterprises as well. Enterprises need to ensure that they protect their businesses’ and the only way to do so comprehensively is to ensure that their customers’ interactions are too – underpinned by robust, biometric based authentication strategies.

Biometric Authentication Provides Better Device Security: Report

Until next week.

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Voice Biometrics 101 – answers to commonly asked questions!

By  
June 19th, 2013

Being part of the OneVault team means that clients and friends alike often want to know the answers to some of the commonly asked questions. Here are the answers to some of them!

1. Is Voice as reliable and accurate as fingerprints?
Voice is equally as reliable and accurate as fingerprints, however, it is the ONLY biometric that can be used and accessed remotely.

2. Can my voice be mimicked or recorded and used to gain access to my accounts?
Each person’s voice is unique and the latest technology is able to differentiate subtle differences or identify recordings. Various techniques are used and added to voice biometric authentication solutions – called multi-factor authentication – that thwart imposter or fraudulent attempts. These include SMS notifications, random digit prompting, etc. all of which add to the ‘layers of security’ that mitigate risk and make it difficult for imposters to gain access.

3. Can identical twins be differentiated by their voice?
In the majority of cases, the biological and behavioural characteristics of twins are subtly different even though they appear and sound the same to the human ear. The latest technology and techniques are able to detect these differences.

4. How do colds or allergies affect voice verification?
Colds and allergies do not affect the ability to verify a voice using the latest technology. Only extreme vocal conditions such as laryngitis can prevent the system from verifying the person’s voice.

5. What happens as I age and my voice changes?
A person’s voice does change over time but the technology is able to accommodate for this.

6. If I have enrolled my voice in a ‘voice bank’ or database, can my voice be ‘stolen’?
In the process of recording a voice, unique features of the voice are extracted and […]

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