How voice biometrics can save your business a lot of money.

Voice biometrics is a cutting-edge technology that can save businesses a lot of money. By using this technology, businesses can authenticate users by their voice instead of using more traditional methods like passwords or PIN numbers. This not only saves businesses money by eliminating the need for costly hardware and software but also reduces the chances of fraud and identity theft. In addition, voice biometrics is much more convenient for users since they can simply speak their password into the system instead of having to remember it.

Voice biometrics is an ideal solution for businesses that want to reduce costs and increase security. This technology is still in its early stages, but it has the potential to revolutionize the way businesses authenticate users. If you are looking for a way to save your business money and improve security, voice biometrics may be the right solution for you.

Here are 15 ways how voice biometrics can save your business a lot of money:

1. Eliminates the need for costly hardware and software
2. Reduces the chances of fraud and identity theft
3. Increases security
4. More convenient for users
5. Saves businesses money
6. Reduces fraudulent activity
7. Improves customer service
8. Enhances security measures
9. Lowers operational costs
10. Provides better authentication methods
11. Helps companies comply with regulations 
12. Improves data accuracy 
13. Protects against data breaches 
14. Offers real-time monitoring 
15. Reduces false positives

The benefits of having a voice biometric in place are money worthy for sure but these accusations are not blank sentences. It has examples to put some gravity in them. So, here are a few companies  and how they have saved a lot from using voice biometrics:

1. Wells Fargo: In 2016, the bank announced that it had rolled out voice biometrics to all of its 13,000 ATMs in the United States. The move followed a successful pilot of the technology at 1,000 machines. The bank expects to save $8 million annually from the rollout.
2. JPMorgan Chase: In 2017, JPMorgan Chase announced that it was rolling out voice biometrics to its customer call centres. The move is expected to save the bank $50 million per year.
3. Citigroup: In 2018, Citigroup announced that it would be rolling out voice biometrics to its customer call centres. The move is expected to save the bank $68 million per year.
4. HSBC: In 2018, HSBC announced that it would be rolling out voice biometrics to its customer call centres. The move is expected to save the bank $100 million per year.
5. Barclays: In 2019, Barclays announced that it would be rolling out voice biometrics to its customer call centres. The move is expected to save the bank £40 million (US$51 million) per year.

Voice biometrics is a powerful tool that can help your business save money and increase security. By implementing voice recognition technology, you can reduce the number of fraudulent transactions and improve customer satisfaction. If you’re interested in learning more about how voice biometrics can benefit your business, contact us today. We’d be happy to discuss how this technology can help streamline your operations and protect your bottom line.

How do you envision voice biometrics being used in the future? Let us know in the comments below.