OneVault News

Mobile Payment Forum of India to intro voice authentication

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November 21st, 2017

The Mobile Payment Forum of India (MPFI), a think tank, is looking to introduce several new user-friendly features such as voice biometrics authentication, according to a report by The Economic Times.

As part of a joint initiative of the Institute for Development and Research in Banking Technology, Hyderabad and Rural Technology Business Incubator, IIT Madras, the think tank strives “to enable mobile payments and financial services through secure, efficient and low-cost transactions.”

MPFI helped develop interoperability and security standards for Immediate Payment Service (IMPS), the basic platform for mobile payments, which would later be used to establish Unified Payments Interface (UPI). Read more…

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Report finds 63% of consumers willing to use biometric authentication

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November 20th, 2017

Worldpay has published a new report on consumer habits that finds that shoppers are becoming more comfortable using biometrics to pay when shopping, with fingerprint payments leading the way as the most popular biometric identification method, according to a report by ComputerWeekly.com.

The study found that 63 percent of consumers want to be able to use biometrically authenticated payments when shopping, while 69 percent said they would be most open to using fingerprint recognition.

Apple announced recently that its newer phones would introduce facial recognition as a means of identification and authentication. Read more…

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Why Alexa Won’t Replace Call Center Agents (Just Yet)

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November 17th, 2017

Remember how Barbie — at first just a popular doll with pretty hair and clothes — eventually became a teacher, gymnast, veterinarian, astronaut, paratrooper, NASCAR driver, business executive and even President of the United States?

Amazon’s Alexa has been building a similar resume, adding well over 15,000 skills to its voice-activated repertoire — a 50 percent increase just from February to July of 2017.

Last November, Amazon introduced the world to Lex, the artificial intelligence service that powers voice and text conversations for Alexa. In the spring, Lex became available to all developers who wished to include a voice assistant chat feature in their mobile apps. Read more…

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Human Rights Watch raises privacy concerns over Chinese voice recognition program

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November 16th, 2017

China’s government is collecting “voice pattern” samples from its citizens to build a database for use with voice recognition technology, Human Rights Watch (HRW) announced in a fascinating article published Sunday.

In collaboration with Chinese company iFlytek, which HRW says makes 80 percent of the country’s speech recognition technology, China’s Ministry of Public Security is working on a pilot project to identify the voices of targeted individuals in telephone conversations. Read more…

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Researchers using wearables to increase voice authentication security

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November 15th, 2017

Researchers at the University of Michigan have developed new technique that allows wearables — such as a security-token necklace, ear buds or eyeglasses — to be used to eliminate vulnerabilities in voice authentication, according to a report by Phys.org.

Researchers call sound an “open channel” that can be easily duplicated by novice impersonators and skilled hackers alike.

“Increasingly, voice is being used as a security feature but it actually has huge holes in it,” said Kang Shin, the Kevin and Nancy O’Connor Professor of Computer Science and professor of electrical engineering and computer science at the University of Michigan. “If a system is using only your voice signature, it can be very dangerous. We believe you have to have a second channel to authenticate the owner of the voice.” Read more…

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Opus Research report aims to dispel fears and myths of voice biometrics

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November 14th, 2017

Opus Research has penned a new report addressing some of the fears and myths surrounding the use and deployment of voice biometrics.

Titled “Voice Biometrics, What Could Go Wrong? Understanding threats, weaknesses, attack vectors and how to mitigate them“, the report is aimed at differentiating the real threats from the hype, as well as providing effective techniques for voice biometrics implementation.

The report summarizes “Intelligent Authentication” methodologies to guide decision-makers in driving rapid deployments and accelerated adoption. Read more…

 

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Ideco to release identity-as-a-service and national user ID mobile app

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November 8th, 2017

South African biometrics firm Ideco will soon introduce its new Identity-as-a-Service (IDaaS) and national user ID (nuID) mobile app ecosystem for fraud-proof trusted identity verification, which it will confirm people’s identities using a digital certificate of authenticity, according to a report by fin24tech. The mobile application is designed to give users more control over protecting their identities.  Read more…

 

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South African firm targets ID fraud with biometrics

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November 7th, 2017

South Africa’s Ideco plans to soon introduce a new Identity-as-a-Service (IDaaS) and nuID mobile app ecosystem next week for identity verification. Ideco CEO Marius Coetzee told Fin24 that the ecosystem and new, soon-to-be-released mobile application will enable users to have more control over protecting their identities.  “The app enables the general public to take control of identity. When your identity is needed for an application like a cellphone contract, so many copies of a person’s identity is floating around. This app aims to provide more security and curb identity theft,” he said.  Read more…

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Authentication system for wearables combines behavioral biometrics with voice recognition

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November 6th, 2017

Researchers from the College of William and Mary have published a first-of-its-kind study that reveals that combining voice and touch recognition may help to prevent hackers from accessing personal data, according to a report by IEEE Xplore.

The researchers claim to be the first to combine behavioral biometrics from different dimensions, which includes touch gestures, with voice commands for use with wearable glasses.

The study explores the development of a new continuous authentication system for increased privacy protection could make it nearly impossible to replicate or steal private data that can be used to gain access into the smart device. Read more…

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National Australian Bank and Google team up on voice services

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November 3rd, 2017

This story was delivered to BI Intelligence “Payments Briefing” subscribers. To learn more and subscribe, please click here.

National Australian Bank (NAB) is set to become Australia’s first bank to introduce voice services via Google’s virtual assistant on smartphones and Google Home devices, according to The Sydney Morning Herald.

At first, the assistant will only be able to answer generic queries from customers, such as where to find a branch location or how to apply for a credit card. However, the bank expects this functionality to become much more personalized, which will eventually allow customers to perform essential banking functions such as accessing their accounts or completing transactions. The bank is also open to adding voice banking capabilities via other smart assistants, such as Apple’s Siri, which follows a trend being played out in banking across the globe. Read more…

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