Monday January 27,2014 : NEW FACE AND VOICE RECOGNITION SOFTWARE
A selfie and voiceprint replaces the need for a traditional password
Security tech company Facebanx has launched new software that enables customers to use an image of their face and a voiceprint instead of a password.
The software works across PC, tablet and smartphone interfaces delivering a 99.8 percent accuracy rating in just a matter of seconds, Facebanx claims.
The company said the need to remember passwords will become a thing of the past and will save business millions of dollars by reducing call centre costs for password reset enquires, preventing ID theft and account takeovers.
Matthew Silverstone, chief executive officer of Facebanx says: “By simply pointing a device’s camera and taking a selfie and then repeating out loud four randomly generated numbers, customers will be able to log into their account within seconds. This technology is incredibly accurate as it combines two different biometrics into one seamless experience.”
An unnamed global telecoms company is currently trialing the software and upcoming trials include multi-national banks, the company said.
“Our product is proving incredibly popular to organisations in the banking, gaming, healthcare and retail sectors as it provides for the first time a level playing field against cybercrime. Now criminals will not be able to use malware to simply hack into customer accounts as they won’t be able to reproduce a live streamed image speaking out loud randomly generated numbers. This is the first time that the customer has been handed power back to them to stop account takeovers from taking place,” Silverstone concluded.