FB pixel

Aximetria develops local storage voice biometric authorization for crypto wallet

Aximetria develops local storage voice biometric authorization for crypto wallet

Fintech startup Aximetria has developed a new biometric voice authentication technology for private keyless authorization of mobile banking transactions.

Digital wallets are typically operated with remote or local storage of a private key, along with a password and possibly additional physical protection, Aximetria says. This raises the possibility of a lost password making a wallet inaccessible, as well as the question of trusting remote storage. Biometrics can partially address this concern, but to perform voice recognition, a database of voice samples is generally used, which is also vulnerable to compromise or attack, according to the announcement.

Aximetria uses a two-level neural network to perform identification on the user’s device, from which the private key is generated. The matching biometrics will generate the correct private key, removing the need for either the private key or biometric data to be stored in a remote database. In this way, the company says, its method effectively functions as keyless technology.

A symmetrical user key, after a signature check, is used to decrypt the user’s voice, revealing the user’s secret, which is combined with a secondary private key to generate the wallet private key for the session. In this way both the symmetrical and the secondary private key can be stored in an external system without the risk of a data breach compromising wallet keys, according to Aximetria.

Among several competing concepts for cryptocurrency wallets, Unikeys recently launched a hardware wallet powered by IDEMIA biometrics, and ZenGo recently implemented FaceTec’s facial recognition for a password-free security architecture.

Article Topics

 |   |   |   |   | 

Latest Biometrics News


UN says law enforcement should not use biometrics to surveil protestors

Law enforcement agencies should not use biometric technology to categorize, profile or remotely identify individuals during protests, the United Nations…


How to explain the EUDI Wallet? Industry and citizens discuss Europe’s digital ID

The European Digital Identity (EUDI) Wallet is well on its way towards becoming a reality. To explain the major impact…


Decentralize face authentication for control, stronger protection: Youverse

The implementation method of biometric face authentication has become increasingly important in recent years due to the limitations of traditional…


Researchers develop display screens with biometric sensor capabilities

Traditional display screens like those built into smartphones require extra sensors for touch control, ambient light, and fingerprint sensing. These…


Meta, porn industry and Kansas governor weigh in on age verification

As Europe mulls how to restrict access to certain content for minors, Meta offers its own solution. Meanwhile, U.S. states…


As national U.S. data privacy law becomes more likely, critics emerge to point out flaws

The push for comprehensive privacy legislation in the U.S. is gaining momentum, as the proposed American Privacy Rights Act 2024…


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read From This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events