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Description
We offer seamless voice authentication and fraud prevention solutions tailored for contact centers within credit unions and community banks, enhancing performance in three key areas. Our premier product, Illuma, utilizes cutting-edge signal processing, artificial intelligence, and machine learning technologies. The voice authentication system operates discreetly in the background, quickly and efficiently confirming the identities of callers as they engage with contact center representatives. By leveraging our voice biometrics technology, we empower community financial institutions to thwart fraud attempts and prevent account takeovers with a method that is difficult to replicate or deceive. Designed specifically for community financial institutions, our technology is not only cost-effective and efficient but also secure, easy to implement, and user-friendly. Furthermore, this innovative system enables agents to minimize the time spent on the more cumbersome aspects of calls, allowing them to assist customers with their inquiries, issues, and transactions in a more expedited manner. Ultimately, our solution enhances both the customer experience and operational efficiency for financial institutions.
Description
Voice biometrics leverages the distinct vocal traits of an individual, such as pitch, tone, and speech rhythm, for identification, similar to how other biometric methods utilize digital fingerprints or iris scans. This technology offers significant business and operational advantages by allowing authenticating speakers across various remote platforms, which enhances convenience, efficiency, and security. One key benefit is its independence from advanced devices; it can function effectively on simple feature phones, IVR systems, or even traditional landlines. The rise in fraudulent activities, particularly account impersonations where criminals acquire a legitimate user's information to unlawfully access online banking and credit resources, highlights the urgency for such security measures. In fact, Kaspersky Fraud Prevention revealed that in 2020, half of all fraudulent transactions in the financial sector stemmed from account impersonation. In South Africa, the situation is even more alarming, with the South African Fraud Prevention Service (SAFPS) reporting a staggering 337% increase in such incidents, underscoring the critical need for robust protective technologies like voice biometrics. As the landscape of fraud continues to evolve, implementing effective identification methods becomes increasingly essential to safeguard personal and financial information.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Illuma
Founded
2016
Country
United States
Website
illuma.cx/
Vendor Details
Company Name
OneVault
Country
United States
Website
onevault.co.za/voice-biometrics/
Product Features
Fraud Detection
Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval