In Race to Innovate Customer Service Experiences, a Simple Spoken Passphrase Holds the Key; Secure Authentication Goes Beyond Passwords and PINs
Nuance Communications, Inc. today unveiled the next generation of its voice biometrics platform, aimed at transforming the authentication experience for customer service and addressing increasing consumer dissatisfaction with PINs, passwords, and security questions. Nuance’s latest voice biometrics platform enables more secure, effortless authentication in customer service environments through natural voice patterns, and delivers market-leading accuracy, superior detection of fraudsters, and simplified deployment and management of voice biometrics for use in consumer and enterprise settings.
Recent surveys have shown that 85% of people are dissatisfied with current authentication methods, which typically require remembering multiple PINs, passwords, and security questions. Racing to address this consumer outcry for a more natural authentication process, organizations around the globe – such as Barclays, Turkcell, Vanguard, and Eastern Bank – are turning to Nuance voice biometrics to create an effortless and engaging experience from the customer’s first point of contact. In fact, data from Opus Research shows that, from 2011 to 2012, spending on voice biometric solutions for authentication grew by 74.2% and is on target to grow at a rate of 35% (CAAGR) over the next 5 years.
“Voice biometrics-based solutions have become an important part of the multi-factor authentication and fraud prevention plans for banks, telecommunications carriers and government agencies around the world,” explained Dan Miller, Senior Analyst at Opus Research. “We expect to see sustained, impressive growth in deployments as solutions move beyond the contact center to mobile devices and home electronics.”
With just a simple spoken passphrase such as “My voice is my password,” voice biometrics allows consumers to be securely authenticated when they connect with a service provider via a call center or IVR, a mobile app, or the Web, improving the overall service experience for the consumer, and delivering substantial time and cost savings to the enterprise. Voice biometrics securely identifies each individual through their unique voiceprint, and eliminates the hassle of remembering and typing passwords and PINs. A customer’s unique voiceprint can be applied across all customer service channels as well – call center, IVR, mobile, Web – so wherever a consumer chooses to engage with a company, voice biometrics can be applied for secure, effortless authentication. Once authenticated, consumers can quickly be served a more personalized experience based on their unique voiceprint.
To see how voice biometrics can reinvent a customer experience, go here.
“The acceptance of voice biometrics is accelerating, and has become one of the hottest areas of our business,” said Robert Weideman, general manager and executive vice president, Nuance Enterprise. “In just the past two years, the total number of consumers who have enrolled voiceprints with banks, mobile providers and other organizations has tripled – from 10 million to 30 million. Organizations recognize that by providing the natural voice interface and high level of security that voice biometrics affords – right at the point of authentication – they can deliver a much more compelling experience to their consumers, with enhanced security.”
The new voice biometrics release from Nuance, the result of significant research and development investments, boasts a 50% improvement in accuracy, smart adaptation of a person’s voiceprint, and significant enhancements in the ability to automatically detect attempts by malicious individuals to bypass authentication. These notable improvements in core voice biometric technology bolster the significant ROI that Nuance is able to deliver, both in terms of costs savings associated with reduced average call times and improved customer satisfaction, and with the elimination of required security hardware like tokens and scanners.
While most voice biometric deployments have been in call center and IVR environments, the innovations in Nuance’s next generation of voice biometrics technology are inspiring organizations to leverage voice biometrics in new applications and environments, such as mobile device authentication, SmartTV access and personalization, and even authentication for medical professionals accessing patient records.
Nuance voice biometrics technology is the most pervasive in the world, with over 30 million voiceprints deployed, representing an estimated 80% of the commercial market. (Opus Research: Research Report: Voice Biometrics Vendor Survey and “IntelliView” 2012, October 29, 2012) Nuance Voice Biometric solutions have been adopted globally by large organizations such as Barclays Wealth, TD Waterhouse, Eastern Bank, Vanguard, Turkcell and T-Mobile to automate fraud detection for their contact centers, speed account access for their customers and even automate password reset processes for employees. To see recent data around consumer attitudes about authentication and voice biometrics, please read “Surveys Show: Consumers Ready to Say Goodbye to PINs, Passwords, and Probing” (May 8, 2013). For more information about Nuance Voice Biometrics technology, including products such as VocalPassword, FreeSpeech, FraudMiner and FastReset, please visit www.nuance.com/voice-biometrics
About Nuance Communications, Inc.
Nuance Communications, Inc. is a leading provider of voice and language solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with devices and systems. Every day, millions of users and thousands of businesses experience Nuance’s proven applications. For more information, please visit www.nuance.com