As technology advances, so do the ways we protect our data and personal information. Traditional passwords and security Q&A methods are no longer as effective as they once were. That’s why many financial institutions, including banks and credit unions, are now doing away with passwords across some or all channels. Let’s look at what passwordless […]
We are seeing a rise in the use of biometrics in banking and credit union environments. Greater security and less friction makes this technology attractive.
Member experience in the credit union contact center is sadly on the decline. What will it take to turn that trend around? Explore tactics and technologies that can help.
IVR authentication methods should keep out fraudsters, but they sometimes fail. Fortunately, AI and voice biometrics will improve security dramatically.
Voice biometric authentication trends are showing a positive overall response from consumers. Other types of biometric verification have become commonplace in today’s increasingly digital world. It’s no surprise that call centers and other voice channels are the next major area for adoption of this technology. According to recent research, consumers are eager to accept voice authentication as a convenient and secure way to access their accounts.
Connexus Credit Union has added voice authentication to better serve members with a streamlined verification process in the call center.
Voice biometrics uses the unique characteristics of the human voice to verify a person's identity and keep their accounts or other personal information secure.
Call center authentication solutions vary from old-fashioned methods like KBA (knowledge-based authentication) to OTP (one-time-passwords) and even state-of-the-art voice verification. Explore the pros and cons of these options.
Active and passive voice biometrics have the same goal of fraud prevention, but they work best for different use cases. Read about this technology for the call center here.
Credit union fraud prevention in the call center helps protect member accounts from takeover in the event of identity theft.