OneVault News

The future of biometric security is in twins’ hands, or faces

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November 2nd, 2017

Owners of the expensive upcoming iPhone X from Apple will soon be able to impress their friends by unlocking the device just by looking at it. But is this new technology the future of digital security, or just a cheap party trick?

In two decades, biometric recognition transformed from futuristic tech to an everyday utility. Biometric passports allow us to jump queues at airports. Personal devices, such as mobile phones, now come with state-of-the-art fingerprint scanners to unlock your personal information. Law enforcement agencies all over the world use facial recognition to look for suspects and identify threats. This tech is so easily available today that some drive-in restaurants, such as Wow Bao in the US, have started using facial recognition to match payments and authorise take-out delivery.   Read more…

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Indonesian Bank Deploys voice biometrics in Call Centers

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November 1st, 2017

Indonesia’s Permata Bank has become the country’s first domestic bank to implement voice-based authentication for its customers, thanks to NICE technology.The bank is using NICE Real-Time Authentication, a system designed to identify customers calling into the organization through the voice biometrics evident in their natural speech, enabling passive and unobtrusive authentication. Read more…

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Voice biometrics to be the ‘front door’ for all ANZ bank contact

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October 31st, 2017

The Australia and New Zealand Banking Group (ANZ) is looking to implement voice biometrics as the method of authentication in its call centres across all of its front doors, ANZ general manager of Wholesale Digital Nigel Dobson told the FIDO Alliance Seminar in Sydney on Monday.

Voice identification technology was rolled out earlier this month on the bank’s Grow by ANZ app, and according to Dobson, the service has experienced “high customer acceptance and success” and as a result, the bank is keen to roll it out across its call centres. Read more…

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Biometric authentication promises convenience and security in more ways than you can imagine

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October 30th, 2017

How will the bank of the future know you? By reading your palm. Or your fingerprint. Your eyes. Or other biological data such as your voice.

It will be through some combination of your physical attributes – which cannot be copied like your signature, lost or stolen like your credit card or wallet, or forgotten your password or ATM pin. The era of biometrics – the technology-enabled measurement and analysis of unique physical or behavioural characteristics – has arrived. Read more…

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Voice biometrics – Ending the rivalry between security and convenience

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October 27th, 2017

With every biometric roll-out we work on, we integrate all responsible parties as early as possible to provide feedback and direction to ensure success. We have learned the hard way that the most important part of the feedback is getting everyone on the same page as to what you want to accomplish. Here, Dima Cichi plays a little “Remember that time when…?” to recall the lessons learned. Read more…

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Shift to Cloud-Based Biometrics is Coming

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October 26th, 2017

Cloud-based biometric authentication is emerging as a key trend in digital services, argues a new white paper from Acuity Market Intelligence. The trend will be particularly important for financial services organizations, who ignore it “at their peril,” suggests Acuity principal analyst Maxine Most in a statement announcing the white paper. Read more…

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Nuance Leads 19 Vendors in Biometric Authentication and Fraud Detection in Newly Published Analyst Report

By  
October 2nd, 2017

SAN FRANCISCO, Sept. 18, 2017 (GLOBE NEWSWIRE) — Intelligent Assistants Conference – Nuance Communications, Inc. (NASDAQ:NUAN) today announced from the Intelligent Assistants Conference that it has been named the leader in Biometric Authentication in the newly published Voice Biometrics Intelliview Report by leading analyst firm, Opus Research. The report positions Nuance as the frontrunner across Contact Center Authentication, Contact Center Fraud Detection, and Mobile Authentication. read more

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Mobile biometric market forecast to exceed $50.6 bn in 2022

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September 29th, 2017

Identity tech-focused analysis firm Acuity Market Intelligence has predicted that annual revenue from mobile biometrics will grow to $50.6 billion in 2022.That figure reflects a CAGR of nearly 41% from $6.5 billion in 2016, with total forecast period revenues exceeding $193 billion, said the outlet.

According to Maxine Most, Acuity Principal and lead analyst, “The potential for consumer use of mobile biometrics dwarfs any previous application of biometrics. More than 1.9 billion biometrically enabled mobile devices will be in circulation by the end of 2017. This will grow to an unprecedented 5.5 billion devices by 2022 as this massive, globally available platform remains the driving force behind worldwide biometric adoption.” read more 

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Chinese student dorms secured with face and voice recognition

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September 28th, 2017

Chinese universities are increasingly securing premises with biometrics.

Beijing Normal University is using facial and voice recognition technology to allow residents to enter the building.
Over 2,500 new students are required to have their faces scanned as part of the university’s induction procedure, according to a Beijing News report on Monday.

The new technology was first tested in 13 of the university’s student halls back in May, before being installed in all dormitories in mid-August.
Students can verify their identity by swiping their university card in the machine, before either saying their own name or scanning their face. read more

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U.S. Bank Customers Can Pay Bills By Voice Command Using Alexa

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September 27th, 2017

“To enable the feature, customers must have an Amazon Echo, Echo Dot, or Amazon Tap speaker, as well as an Amazon account and the Alexa smartphone app.”

U.S. Bank has launched a new function for customers who own Amazon Alexa devices allowing them to check balances and make payments by voice command.

The nationwide launch follows a smaller pilot project undertaken this summer. To enable the feature, customers must have an Amazon Echo, Echo Dot, or Amazon Tap speaker, as well as an Amazon account and the Alexa smartphone app. By speaking to Alexa, Amazon’s voice-controlled AI assistant, they can pay their U.S. Bank credit cards and ask about due dates, check various account balances, and even hear their transaction histories.  read more

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