Persistent Systems, ValidSoft announce biometric voice authentication tool for banks, credit unions
The system is integrated with Persistent’s banking solutions and relies on ValidSoft’s Precision Voice Biometrics for identity assurance during transactions.
“Together Persistent and ValidSoft are delivering next-generation technologies to enable digital banking solutions to organizations globally. Banking is undergoing significant business transformation as new and ever-evolving digital communication channels are embraced,” said Pat Carroll, CEO & Executive Chairman, ValidSoft. “As always, the consumer experience is paramount and guaranteeing the integrity of the transaction is vital. Identity Assurance provides users confidence in the fidelity of their transactions as speech becomes the new user interface of choice for the initiation of sensitive of high value transactions.”
In 2019, ValidSoft’s voice biometrics were integrated with the private digital identity blockchain from INTELid.io to increase the level of security and identification it provides.
Persistent Systems delivers digital solutions for credit unions and small and medium-sized banks to improve member and customer engagement through advanced technologies such as voice biometrics, artificial intelligence, machine learning and cloud computing.
“Voice as a primary User Interface obsoletes traditional authentication models. Speaker identification (i.e. voice biometrics) is a fundamental requirement for this new type of engagement,” said Jaideep Dhok, General Manager Banking, Financial Services and Insurance at Persistent Systems. “Speed, accuracy and precision are the crucial competitive differentiators. As always fraudsters and hackers will use ever increasing sophistication and insidious attacks that require advanced defense capabilities such as Replay Attack and Synthetic Attack Detection. ValidSoft leads the world in these capabilities and we are delighted to be partnering to bring these solutions to market.”