EL SEGUNDO, Calif.--(BUSINESS WIRE)--VoiceVault announces performance results of their latest voice biometric replay detection platform. With these results, VoiceVault sets new standards in mitigating the risks posed by sophisticated fraudsters using recordings to attack voice biometric solutions. These enhanced capabilities meet the exacting demands for security and fraud reduction in Financial Services solutions.
In applications such as mobile payments where high security and fraud reduction are major drivers in application design, the detection of fraudulent activity involving the use of recordings is paramount. After studying the results on more than 10 million transactions, VoiceVault is able to detect 99.98% of recordings submitted to their voice biometric engine. This provides unparalleled levels of protection against sophisticated fraud attacks that use recordings of genuine speakers.
These increases in detection accuracy come with no corresponding increase in the false trigger rate. Furthermore, they apply irrespective of the amount or type of audio distortion that a fraudster might apply to the recordings. These factors ensure enterprises that voice biometrics are the next generation of high security solutions for their fraud reduction strategy.
"Fraudsters are becoming ever more ingenious in their attempts to circumvent our systems and this is one of the many ways we have responded to the threat,” commented Dr. Trevor Thomas, VoiceVault's Chief Scientist. “We work with many large financial institutions that demand very high levels of security in their speaker verification solutions. With these results, we are demonstrating that we are able to meet the exacting challenges they set to stop fraud and protect their customers in high security applications such as mobile banking.”
About VoiceVault
VoiceVault is a private voice biometric company that focuses exclusively on the development and deployment of voice biometric solutions in the financial and healthcare sectors.VoiceVault is a US based company (El Segundo, CA) with an R&D center in the UK.
VoiceVault's solutions use an individual’s vocal characteristics for biometric identity verification over the phone, web, or via mobile and smart device applications. They rely on the simple fact that speaking is completely natural and effortless and that no two voices are exactly the same. They enable the delivery of data and application access control; transaction authorization; identity verification; e-signature provision and out of band authentication solutions.
Biometric voice-based solutions enable business processes to enhance multifactor authentication with something you are - your voice.