B2B Payments

Samsung Goes After Biometrics For Enterprise Banking


Samsung is looking to introduce biometric authentication capabilities to mobile devices, a move that could have significant implications for the enterprise world.

Reports on Friday (Sept. 23) said Samsung IT unit Samsung SDS is collaborating with vision and voice tech firm Sensory to imbed biometric recognition capabilities for banks and enterprises in an effort to safeguard their mobile transactions.

In a statement, Samsung SDS said the joint venture will look to make mobile transactions safer and more efficient and will use a mobile device’s front-facing camera, as well as voice recognition, to complete authentication measures.

“With this combined Samsung/Sensory authentication solution, users can open an application or complete a transaction in a secure and frictionless way by simply looking at their front-facing camera-equipped mobile phone or by simply stating the selected passphrase when prompted by their mobile devices,” the company explained. “By fusing Sensory’s face and voice authentication technologies, an added layer of security can be achieved for higher-value transactions by requiring both the user’s face and voice to be verified.”

This two-level authentication approach is often key for corporates using high-value payments. But Samsung added that the technology could also be used to fuse together both voice and facial recognition technology simultaneously for a one-step authentication approach.

Samsung SDS Vice President of Mobile Payments James Choi said these types of authentication technologies are gaining traction for mobile payment security.

“Working with Sensory will allow us to innovate more secure solutions for our customers and provide them with the future of digital banking, today,” the executive said.

With their partnership, Samsung SDS and Sensory will make use of the latter’s TrulySecure solution.


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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