HSBC will Start Rolling Out Biometric Verification for Customers
Michael Hemsworth — February 20, 2016 — Tech
References: hsbc & geeky-gadgets
Biometric verification is becoming a more pervasive notion with fingerprint scanning and the like being more present than ever, so the new HSBC Voice ID system is here as a next step.
Set to roll out to 15 million customers in the United Kingdom, the HSBC Voice ID system will enable telephone banking to be accessed via voice identification rather than passwords. This will enable users to do away with security questions, dates or even proper passwords.
The HSBC Voice ID system is a type of biometric verification that's being powered by Nuanace, which uses over 100 identifiers from a person's voice to ensure they're authorized for access.
Explaining the HSBC Voice ID system, head of retail banking and wealth management Francesca McDonagh said, "The launch of voice and touch ID makes it even quicker and easier for customers to access their bank account, using the most secure form of password technology -- the body."
Set to roll out to 15 million customers in the United Kingdom, the HSBC Voice ID system will enable telephone banking to be accessed via voice identification rather than passwords. This will enable users to do away with security questions, dates or even proper passwords.
The HSBC Voice ID system is a type of biometric verification that's being powered by Nuanace, which uses over 100 identifiers from a person's voice to ensure they're authorized for access.
Explaining the HSBC Voice ID system, head of retail banking and wealth management Francesca McDonagh said, "The launch of voice and touch ID makes it even quicker and easier for customers to access their bank account, using the most secure form of password technology -- the body."
Trend Themes
1. Biometric Verification - The use of biometric technology, such as voice identification, is becoming more prevalent in banking systems, offering a secure and convenient alternative to traditional authentication methods.
2. Voice ID Systems - Voice ID systems are being implemented by banks to replace passwords and security questions, enhancing the user experience and reducing the risk of fraud.
3. Authentication Innovation - The development of innovative authentication methods, like voice and touch ID, provides an opportunity for businesses to create more secure and efficient access systems.
Industry Implications
1. Banking - The banking industry is embracing biometric verification technologies to improve security measures and streamline customer authentication processes.
2. Technology - The technology industry is driving advancements in biometric verification, offering solutions that enhance security and provide a more seamless user experience.
3. Cybersecurity - The cybersecurity industry can capitalize on the need for advanced authentication methods to develop and implement more robust authentication systems and protect against unauthorized access.
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