VoxGen launched a voice identification & verification (ID&V) product for the financial services sector.

The voice banking protection system, which enables a user to record a voiceprint via an automated telephone service and use it to access their bank account details, is demonstrated on VoxGen's site at www.voxgen.com/demos.

"The voice verification biometrics industry is poised for high growth rates. The launch of new financially focused products is a very encouraging step in raising the profile of the voice verification biometrics industry," said Frost and Sullivan Industry analyst, Sapna Capoor.

VoxGen's banking ID&V system combines speech recognition and voice biometric technology. Initially, the user is asked to call a pre-determined number to record a voiceprint - this could be numeric or some other knowledge based information. In the future, when the user calls the automated phone banking service, the system will use the voiceprint to verify that the caller is the correct individual.