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Fraud Fighting With AI-Based Biometrics Security & Password Module

An AI algorithm pioneers significant fraud-fighting technologies to detect anomalies in an interaction.

By Roy Urrico | Updated on February 26, 2018

Two recent cybersecurity solutions, an artificial intelligence-based biometric security measure from Nuance; and a password policy module from Wombat Security, could help protect credit unions and other organizations defend against fraud.

Burlington, Mass.-based Nuance Communications, Inc. announced Security Suite, what it called “a state-of-the-art biometric security solution for fraud prevention and authentication,” and an advancement to the Nuance Omni-Channel Customer Engagement Platform. Nuance said the solution, which leverages third generation deep neural networks and advanced AI algorithms, is pioneering significant fraud fighting technologies to detect anomalies in an interaction. With these new innovations, Nuance disclosed it is building on a solution that already processes more than five billion successful voice authentications yearly on voice and digital channels including for financial institutions.

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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