Xura and SpeechPro piloting biometric authentication for enterprise customers in financial services sector
Xura announced that it is working with SpeechPro to pilot its biometric technology and offer enterprise customers, particularly those in the financial services sector, the ability to provide secure facial recognition and voice authentication within a mobile app, alongside, and in combination with, traditional passwords.
The Xura / SpeechPro pilot will be demonstrated at Money20/20 Europe show next month in Copenhagen.
“Entering complex passwords or one-time passcodes into a mobile device to access an app can often be a frustrating experience,” says Armin Barbalata, SVP, Secure Communications at Xura. “Using biometrics instead of traditional passwords or codes can remove this roadblock and improve the ease of use. In addition, the combination of face and voice biometric analysis increases the accuracy of authentication, and provides additional security when connecting to apps that contain confidential data.”
Combining voice and face recognition with the ability to detect facial movements and verbally enter a passcode, any business can securely authenticate transactions via strong voice and video procedures, which is especially relevant for financial sector services.
According to a statement by the companies, this solution gives users a way to gain access to their account or a message by simply scanning their face and voice using their smartphone’s built-in camera and microphone, ensuring the user is genuine and preventing fraudulent log-in attempts. SpeechPro’s VoiceKey OnePass software can be added to an app or website so that, under specific scenarios (high value money transfers), the customer must pass several unique live anti-spoofing tests in order to login. In cases involving a number of people sharing the same terminal, SpeechPro’s technology can also recognize multiple users’ identities.
“Security and user experience are often considered to be at odds with each other, but the use of biometrics, specifically face and voice recognition, actually makes it easier to log in, with a greater level of protection,” continues Barbalata. “While passcodes can still play a part in the login process, users no longer have to remember them or carry a dongle wherever they go.”
“Combining SpeechPro’s experience in voice intelligence and biometrics with Xura’s experience in secure messaging and multi-factor authentication, has presented the opportunity for a new service quite unique to the marketplace,” says Alexey Khitrov, President of SpeechPro, “We’re excited for the future of face and voice biometrics, and look forward to a continued relationship.”
biometric authentication | biometrics | data protection | facial recognition | financial services | mobile app | secure transactions | security | SpeechPro | voice biometrics
6 Replies to “Xura and SpeechPro piloting biometric authentication for enterprise customers in financial services sector”
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RT @BiometricUpdate: @i_am_xura & @SpeechProUSA pilot #biometric #authentication for financial enterprise clients https://t.co/96cZ1P1Y9g
RT @BiometricUpdate: Xura & SpeechPro piloting #biometric #authentication for customers in financial services sector https://t.co/mrAGH2TgII
RT @BiometricUpdate: @i_am_xura & @SpeechProUSA piloting #biometric #authentication for financial services sector https://t.co/9Zg1xTewe4