City Union Bank launches India's first Voice Biometric Authentication banking app

Tags: Economy/Finance

City Union Bank (CUB) launched India's first Voice Biometric Authentication banking app for its mobile banking app which uses it to improve security.

An Overview of the news 

The purpose of this feature is to provide an additional layer of security to customers while logging into their accounts.

• Currently the Voice Biometric Authentication login option is available only for Mobile Banking App users. Customers will have multiple authentication methods to choose from, including User ID/PIN, Face ID, fingerprint authentication and now voice biometric authentication.

• The Voice Biometric Authentication feature was developed in collaboration with M/s Kaizen Secure Voice Pvt Ltd, a Chennai based start-up and 5G Use Case Lab of Institute for Development and Research in Banking Technology (IDRBT).

• The technology has received support from the Department of Telecommunications and the Department of Financial Services.

• The launch of the Voice Biometric Authentication facility came a day after CUB reported its provisional business figures, in which the total business increased from Rs 88,846 crore to Rs 96,347 crore.

About City Union Bank Limited

Established - 1904

Headquarters - Kumbakonam

CEO - Dr.N. kamakodi