To make online transactions more secure and user-friendly, ICICI Bank applies Voice Authentication Service over mobile which is going to replace native user authentication process during money transactions. Now ICICI bank user are free from entering card details and mobile passcode again and again. Using Speech recognition technology, authenticating original user becomes very simple and hassle-free.
Voice Authentication service for banking transactions is superior choice for biometric authentication. Due to lack of fingerprint scanner and iris scanner in vast number of bank account holders, authenticating user via fingerprint or IRIS Scanning is almost impossible but Voice authentication Service can easily be applied over millions of users as smartphone is now common.
Is Voice Authentication service safe for money transactions ?
Nuance Communication, a reputed speech recognition software development company will coöperate with ICICI bank for maintaining voice authentication service. Nuance Communication is also responsible for making Siri, Apple's voice recognition service.
10 seconds of Voice of any bank customers is enough to authenticate user later during money transaction. Later, ICICI will record voice of customer in different moods so that Voice Authentication service becomes seamless & error free. Voice specific biometric authentication service will only be available over customer's registered mobile number only.
Voice authenticating software uses 100+ different parameters to identify particular account holder. And. It's more secure than entering password or card details or mobile passcode authentication.
How to use Voice Authentication Service
Voice specific biometric authentication service is now under development and few selected number of ICIC customers will get initial access. ICICI bank will launch service for every account holders shortly.
Speech recognition technique expands banking security during online transaction and ICICI mobile banking to a new level. Chances of forgetting or losing of banking details during money transaction becomes obsolete with the launch of Voice Authentication Service as customer voices are recorded in different moods which later stored on bank's secure database mapping customer's valid details.
And later when Customer uses this biometric authentication service, Voices are analyzed and user gets access to payment system once both the voices are matched.