Fintech, Finance, Technology, Banking Highlights – 29 January 2018
Pindrop announces first kind deep voice machine learning technology
Pindrop, the pioneer in voice security and authentication, announced their proprietary Deep Voice biometric engine, which utilizes the latest deep neural network technology for speaker recognition, to passively identify legitimate and fraudulent callers, solely by voice.
Pindrop’s Deep Voice engine has expanded the company’s total addressable market from $2.5B to $7.8B with the introduction of a new authentication product, Pindrop Passport.
Pindrop Passport is a multi-factor authentication solution that passively authenticates callers based on their voice, device and behavior as they naturally engage with a call center. Passport is powered by the first-of-its-kind Deep Voice biometric engine that is able to recognize a caller by their voice even with short command-like utterances, regardless of if they are interacting in the IVR or with an agent.
“Our newly patented Deep Voice engine is creating new opportunities for Pindrop as we see voice eating all other interfaces,” said Vijay Balasubramaniyan, CEO and co-founder of Pindrop. “Establishing trust, security and identity is key to unlocking brand loyalty with consumers. With today’s product expansion we are delivering an end-to-end voice identity platform for enterprises looking to reimagine the customer experience as voice becomes the dominant interface of choice.”
DNB Partners with Kyriba to Enhance Future Banking Needs of its Corporate Clients
Kyriba, provider of cloud treasury and financial management solutions, announced a strategic channel sales partnership with DNB, Norway’s largest financial services group, that will enhance future banking and financial transaction needs for DNB’s more than 220,000 corporate clients.
“Kyriba offers a category leading, secure financial management platform, with important innovations in payments and risk management,” said Anders Grevstad, EVP Category and Transaction Banking at DNB. “New government regulations such as PSD2 and Open Banking will drive an even stronger need for data protection and compliance that Kyriba is well suited to address. We will offer these services as part of our larger mission to serve our clients current and future needs.”
The strategic partnership gives DNB a new suite of modern financial management tools that centralize payments, automate workflows and can detect and prevent payments fraud in real-time. These cloud-based services will help corporate clients compete in the market today and help them adapt to changing regulations.
Tender Armor Secures ‘Series A’ Investment to Prevent the Pain of Payment Fraud for Financial Institutions and Cardholders
Tender Armor, LLC, a global fraud prevention payments technology provider, announced the closing of a multi-million-dollar Series A investment led by private investors Aubrey Strul and Barry Beck, with additional funding through Strul Logistics and Technology LLC.
The Series A round enables Tender Armor to drive new business and product innovation, expand its workforce, and meet increasing demand by financial institutions for its multi-patent-pending CVV+ solution.
The CVV+ solution addresses the growing threat of card-not-present (CNP) fraud and the consumer worries it creates. Fraudulent CNP charges cause undue stress to cardholders while burdening them with repairing the damage. It also results in significant losses for financial institutions such as replacement card costs, countless lost purchase dollars, and perhaps most painful, customer attrition. CVV+ works to prevent fraud from occurring before it happens, unlike other solutions that don’t detect fraud until the transaction is being processed.
