Sensory to demo in-app AI-powered banking teller at FinovateFall 2017

Sensory will be providing the first public demo of its in-app, artificial intelligence (AI)-powered virtual banking teller at FinovateFall 2017 next week in New York City. The proof-of-concept demo and application for Sensory’s advanced embedded AI technologies provide bank and financial institution customers a virtual bank teller experience directly on their smartphones and tablets, without the need and risk of sending valuable information to the cloud. The demo application will be available for banks to test and integrate into their

Chincotech to begin live testing facial and voice recognition software in October

Japan-based biometrics technology developer Chincotech will begin live field tests for the company’s combined facial and voice recognition software in October. The company’s facial and voice recognition software has been undergoing lab tests for the past 14 months. “We have had outstanding success with our lab tests and have achieved a 99.9 percent accuracy rate when combining our biometric facial and voice recognition technology,” explained Paul Rashford, Chincotech’s head software development engineer. “The biometric fusion of voice and facial recognition

Ping An to provide AI technologies to Chinese financial services firms

Ping An Insurance (Group) plans to offer its latest artificial intelligence technologies to other financial services providers throughout mainland China, even before providing them to the company’s own subsidiaries, according to a report by South China Morning Post. Jessica Tan, chief operating officer at Ping An, said that the strategy would help “level the playing field” by enabling smaller financial services firms to compete against the country’s internet giants. Following a pilot testing at Ping An-backed peer-to-peer lender Lufax, and

Fujitsu adds cognitive technologies to service desk, will soon add voice recognition

Fujitsu has added cognitive technologies including artificial intelligence (AI) and voice biometrics to improve its next-generation Service Desk, the Social Command Center (SCC). The end result is a more versatile, intelligent, user-centric model which combines multiple support channels to provide a consistent user experience. The SCC is a centralized, modular and integrated part of Fujitsu’s Digital Workplace offerings, which helps simplify a wide range of user requests and needs. Fujitsu’s solution leverages cloud-based technologies combined with advanced machine learning and

Researchers develop prototype app that blocks voice hacking attacks

A new study by the University of Buffalo’s (UB) School of Engineering and Applied Sciences has found that voice-based smartphone apps such as Siri and WeChat can expose make you vulnerable to the growing security threat of voice hacking, according to a report on Phys.Org. Using only a few minutes of audio samples, attackers can replay your voice convincingly enough to trick people and advanced digital security systems to steal money from your bank account. A UB team of engineers

HSBC report finds UK leading in adopting biometric banking technologies

HSBC published a new report based on a survey of 12,000 people in 11 countries which found that only 46 percent of respondents trusted fingerprint recognition to replace their traditional password, according to a report by The Financial Times. The report found that despite banks’ lengthy efforts to roll out biometric authentication, many customers neither understand nor trust in the new technologies. However, the survey results found that people in the UK were far more open to adopting new biometric

Nuance launches AI-powered multimodal biometric solutions

Nuance Communications has released a new suite of biometric security solutions powered by artificial intelligence (AI), which includes voice biometrics technology as well as facial and behavioral biometrics. Nuance Security Suite applies deep neural networks (DNN) and advanced algorithms to detect synthetic speech attacks, as well as integrates facial and behavioral biometrics, to provide improved fraud prevention. By combining a range of physical, behavioral, and digital characteristics to provide secure authentication and more accurately detect fraud across multiple channels, the

Startup develops voice imitation software

Montreal-based technology startup Lyrebird has developed software that the company says can imitate any individual’s voice and make it say anything, as well as reflect the desired emotion, stress and intonation, according to a report by Scientific American. Based on a 60-second sample of the person’s voice recording, Lyrebird’s “voice imitation algorithm” will have all the information it needs to impersonate the voice. The company’s website offers three samples of audio recordings generated by the software impersonating Donald Trump, Barack

Sensory updates multimodal biometric solution with broader mobile OS support

Sensory has released version 3 of TrulySecure, which marks the second major update to the company’s FIDO Certified multimodal biometric authentication technology. TrulySecure 3.0 securely recognizes enrolled users through a combination of face and voice biometric recognition technologies in less than a second. The solution differentiates individuals at a 99.999 percent accuracy rate without requiring any expensive biometric scanners. “We continually improve the security and accuracy offered by TrulySecure to ensure that users are presented with a consistently better user

The Coast Guard is using voice recognition to combat prank calls

The National Coast Guard is implementing voice recognition technology to combat the rise in fake distress calls that have been flooding the agency’s VHF radio channel in recent months, according to a report by The Verge. The agency is obligated to respond to every call considering there is a potential life at risk, which can be costly and time-consuming when it’s all for a childish joke. “We’re just getting more hoaxes every day,” says Lt. Gianfranco Palomba, who’s been tasked