InAuth Releases Voice Biometrics Authentication for Mobile Banking
InAuth unveiled its Voice Biometrics Authentication Module, an opt-in solution that leverages the voiceprint of a mobile device user to secure financial transactions.
The security software can be bought and implemented on a module-by-module basis.
Financial institutions conventionally utilize security measures based on passwords, PINs, and second-form authentication processes, such as personalized security questions, to confirm their mobile customers' identity. These methods cannot actually identify who is using the physical device.
The voice fingerprinting delivered with the InAuth solution can dynamically identify whether mobile users actually are who they say they are, instead of proxies, all without adding complexity to the mobile user's experience. The InAuth Voice Biometrics Authentication Module provides a comprehensive, easy, and quick authenticating and audit trail.
"Like a fingerprint, each individual's voice is unique," said Mike Patterson, InAuth's CEO. "Our new Voice Biometrics Authentication Module maps specific voice characteristics, such as pitch and rhythm, to accurately verify identity and convey confidence to financial institutions in the validity of their mobile user base. Mobile applications are the most vulnerable access point for fraud and advanced cyber threats, as most financial institutions' mobile security is far behind that of their solutions and strategies for preventing and mitigating PC-based attacks. InAuth is singularly focused on providing the most effective protection for the evolving, mobile-specific fraud threat."
The market has matured, and vendors have done what's been expected of them, a report concludes.