Millions of phone banking customers benefit from fast, safe and simple verification process while removing the need to worry about passwords or security questions
Nuance Communications, announced that National Australia Bank (NAB), one of Australia’s major banks, is leveraging the world’s most advanced biometrics solution for authenticating customers and enabling fraud detection, Nuance Gatekeeper, to improve the customer experience and strengthen the bank’s security standards around customers’ authentication processes.
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Nuance biometrics and security solution powers NAB’s VoiceID service that authenticates NAB customers’ voices in seconds, helping to prevent fraudsters from accessing bank accounts using a customer’s credentials or information. NAB’s users choosing this authentication process will record their unique voiceprint simply by talking to a NAB banker on the phone. While the customer is speaking, the underlying technology will identify more than a thousand behavioral and physical vocal traits such as pronunciation, tone and pattern, and capture the distinct characteristics in their voice to create a unique voiceprint. The encrypted voiceprint will be securely stored and used to easily identify a customer the next time that individual calls in.
“We are pleased to partner with Nuance to provide customers with simple, fast and secure ways to go about their banking. We now have around 120,000 customers enrolled since VoiceID went live in November 2019 and we are targeting 250,000 customer enrollments by the end of 2020. As the first major Australian bank to offer VoiceID in its contact center, this technology is helping us improve the experience our customers have when they call by spending less time on the authentication process and more time helping them with their needs,” said Paula Constant, Executive General Manager Consumer Direct at NAB.
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With so many different characteristics, the human voice provides one of the safest ways to verify callers’ identities. Nuance Gatekeeper analyzes more than 1,000 characteristics of a voice and also uses its intelligent detectors to cross check an individual’s device, geolocation and pattern of speech, while certifying it is a real person and not a recording or synthetic creation. Biometrics removes the need for knowledge-based passwords and security questions that hackers can easily steal or guess, bringing NAB customers higher security standards and convenience by focusing on who they are versus what they know.
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