Voice Biometrics Enables Mobile Banking

According to an article on TMCnet.com, mobile banking is growing rapidly. Voice biometrics is playing a major role preventing identity fraud and ensuring the security of transactions. One company, VoiceCash Bank is pioneering the delivery of global money transfers, via mobile banking, to millions of expatriate workers throughout the world. The process works as follows:

• All customers enroll by providing a base voiceprint which is linked to their mobile phone number
• Whenever a customer processes a transaction involving a transfer of funds, the automated system calls the customer's mobile phone and asks them to provide a sample voiceprint
• If the voiceprints match, the customer is positively identified and the transaction goes through

This is a very exciting application for voice biometrics!