"We predict the use of voice biometrics for authentication and transaction verification purposes will accelerate within the banking industry, and other verticals. Voice biometrics will equally become increasingly appealing to insurance companies, government agencies, telcos and retailers, in fact any business where the phone is used as a means to contact their customers," added Carroll.
ValidSoft has invested considerable research resources into voice biometrics, as one of the layers within its multi-factor security platform, on the premise that mobile phones will become the device of choice for banking and payments. As part of its research and development (R&D) program, ValidSoft has made strategic partnerships with leading universities in this field. ValidSoft's voice biometric research and commercial credentials have also been endorsed by specialist technology analyst TechNavio in its report, Global Voice Recognition Market 2012 to 2016.
Research in 2012 has consistently pointed to how the security industry could use voice biometrics to secure data and banking transactions. It advocates that voice biometrics, used correctly, can fill this gap by accurately identifying that the end user is genuinely who they claim to be. As the mobile payments world develops further, communication by voice is a natural way to enroll, authenticate and validate. If a person is connected, whether by data channel or voice channel, then voice can be solicited – entirely natural in the mobile world. Voice biometrics is also a dynamic biometric, unlike a fingerprint or an iris scan, therefore it has the inherent capability to be configured to be rendered useless in the event that it is stolen.
News of ValidSoft's achievement in the NIST Speaker Recognition Evaluation comes shortly after Opus Research, a top independent analyst firm in the voice biometrics industry, recognized the company as an industry leader in its Voice Biometrics Vendor Survey and "IntelliView" 2012.About ValidSoft: ValidSoft Limited has been a wholly owned subsidiary of Elephant Talk since early 2010 and underpins our mobile/cloud security offering. The company is a market leader in providing solutions to counter electronic fraud relating to a variety of bank, card, internet and telephone channels. ValidSoft's solutions are used to verify the authenticity of both parties to a transaction (Mutual Authentication), the security of the relevant telecommunication channel used (Secure Communications), and the integrity of transactions itself (Transaction Verification) for the mass market, in a highly cost effective and secure manner while being very easy to use. The company counts several leading worldwide service providers and institutions amongst its customers. ValidSoft is the only security software company in the world that has been granted three European Privacy Seals. Visit www.validsoft.com. About Elephant Talk: Elephant Talk Communications Corp. (NYSE MKT: ETAK), is a leading international provider of proprietary Software Defined Network (SDN) platforms for the telecommunications industry that empower Mobile Network Operators and Mobile Virtual Network Operators, Enablers and Aggregators with a full suite of Applications. This suite includes Full OSS/BSS Systems, Delivery Platforms, Support and Managed Services, on-site, cloud, hybrid and S/PaaS solutions, including Network, Mobile Internet ID Solutions, Secure Remote Access Management, Loyalty Management and Transaction Processing Services, superior Industry Expertise and high quality Customer Service without substantial upfront investment. Elephant Talk counts several of the world's leading Mobile Operators amongst its customers including Vodafone, T-Mobile and Zain, and virtually all business is focused on tier 1 and tier 2 operators worldwide. Visit www.elephanttalk.com. Media Contacts: PR Teams UK: Fishburn Hedges+44 (0)20 7839 4321 firstname.lastname@example.org