FB pixel

Phonexia voice biometrics certified for financial services by South Korean institute

Phonexia voice biometrics certified for financial services by South Korean institute
 

The Korea Financial Telecommunications and Clearings Institute (KFTC) has certified Phonexia’s biometric Speaker Identification for its South Korean partner Darwin Intelligence.

Following the move, South Korean banks and other financial organizations can now verify their clients’ voices using Phonexia’s biometrics capabilities, which were upgraded last October with audio quality estimation and other features.

According to Darwin Intelligence CEO Kim JaeBum, receiving the KFTC certificate is an important validation of the Phonexia Speaker Identification’s readiness for the South Korean financial market.

“The majority of voice biometrics providers in South Korea lack this KFTC certificate, which makes it difficult for banks to enhance their customers’ security and customer experience,” JaeBum adds.

“The Korea Financial Telecommunications and Clearings Institute requires each company to follow very strict rules in order to obtain the KFTC certificate, and the whole certification process can easily take up to one year to finish.”

Phonexia claims its voice biometrics algorithms are able to identify individuals in just three seconds of free speech with over 96 percent accuracy out of the box. The technology was mentioned as a fraud prevention leader in Opus Research’s latest report.

“With Phonexia Speaker Identification certified by KFTC, Darwin Intelligence can now provide banks with the state-of-the-art voice authentication solution that their clients have long waited for,” concludes JaeBum.

Article Topics

 |   |   |   |   |   |   |   | 

Latest Biometrics News

 

GLEIF kicks off corporate digital identity hackathon

The Global Legal Entity Identifier Foundation (GLEIF) has launched a hackathon aimed at developing new applications for its organizational digital…

 

Ethiopia gets accolades for leading digital transformation in Horn of Africa

At a recent meeting of Horn of Africa Finance Ministers in Kenya’s capital Nairobi, Ethiopia’s digital transformation progress got thumps…

 

Financial fraud prompts $14M digital identity intelligence investment, calls for action

Financial institutions and regulators continue to invest in anti-fraud and identity verification. Barclays has invested in anti-fraud platform Heka as…

 

Age estimation at the shop, age verification online: France laws tested with questions

In France, age assurance tools are showing up online and at retail vendors selling age restricted products, prompting questions from…

 

Ofcom planning more safety measures to tackle addictive design

It has been noted previously in these pages that the UK is looking to be taken seriously in pursuing its…

 

OFIQ community reviews early results of biometric quality assessment tool

The standardization of image quality for face biometrics is a major step towards making population-scale biometric systems functional, and as…

Comments

Leave a Reply

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

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events