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February 13, 2013

ValidSoft Voice Biometric Technology Passes NIST Speaker Recognition Evaluation

By Mandira Srivastava
TMCnet Contributor

These days voice biometric technology products are considered as a more reliable alternative to the traditional personal identification solutions. These biometric systems are meant to protect consumer private data.

ValidSoft Voice Biometric Technology has passed the verification tests of prestigious National Institute of Standards and Technology (NIST) Speaker Recognition Evaluation. In this way, the company’s voice biometric technology has been measured and tested with the commercial voice biometric providers and non-commercial voice biometrics research groups.

After taking part in the successful evolution of NIST, ValidSoft clients will get access to a fully integrated, multi-layer, multi-factor authentication and transaction verification platform that can seamlessly incorporate world-leading voice biometric technology.

ValidSoft, a wholly-owned subsidiary of Elephant Talk Communications, is a provider of advanced telecommunications-based fraud prevention, authentication and transaction verification solutions. The voice biometric technology provides stronger security mechanisms within organizations while protecting against identity theft. The voice biometrics systems can strengthen security procedures across financial institutes like banks.

Pat Carroll, CEO of ValidSoft commented in a statement, "We are delighted with our achievement at the NIST Speaker Recognition challenge. We firmly believe that voice biometrics will play an integral part in payment fraud prevention as more of us use our mobile phones to make money transactions. Using a voice print to authenticate a customer and verify transactions provides a natural and efficient security layer. It is not just for mobile-based payments either, as we see evidence of increased fraud over telecommunication channels such as traditional phone banking."

Edited by Brooke Neuman