City Union Bank Limited (CUB) has introduced a new feature that allows customers to use voice biometric authentication when logging into the bank’s mobile banking app, aimed at improving security. The bank plans to extend this feature to net banking users as well, and the development process is currently underway. The voice biometric login option will join other existing authentication methods such as User ID/PIN, face ID, and fingerprint authentication, giving customers multiple choices. CUB has stated that customers can select the authentication method that best suits their needs and preferences.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
M/s Kaizen Secure Voiz Private Limited, a start-up based in Chennai, has collaborated with the 5G Use Case Lab of the Institute for Development and Research in Banking Technology (IDRBT), with support from the Department of Telecommunications and the Department of Financial Services, to develop this technology. The launch of the voice biometric authentication feature by the bank came a day after it reported its provisional business figures via an exchange filing, showing an increase in total business from Rs 88,846 crore to Rs 96,347 crore.
Important takeaways for all competitive exams:
You may also read this:
Sekhar Rao appointed as interim MD and CEO of Karnataka Bank
World AIDS Vaccine Day, also known as HIV Vaccine Awareness Day, is observed annually on…
The Indian government has announced plans for public sector companies like Coal India, NMDC, and…
In April, India's merchandise exports saw a modest 1% increase, reaching $34.99 billion, driven by…
The Open Network for Digital Commerce (ONDC), a digital infrastructure initiative launched in 2021, has…
In response to rising credit demand and falling liquidity, State Bank of India (SBI) has…
The Indian Army is poised to elevate its air defense capabilities with the impending delivery…