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© ValidSoft 2014 Breakout Session 1 Security vs Convenience: Voice a Game Changer? Proprietary and Confidential information 1

Payments Innovation Conference - Paul Burmester, CEO, Validsoft - Security vs Convenience: Voice a Game Changer?

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The 2014 conference, chaired by BBC Technology Correspondent, Rory Cellan-Jones, featured high-profile speakers and panellists from across the payments industry – from government, to business and end-user groups. It built on the success of last year's event looking at trends in innovation and, through collaboration, how it can enable competition in payments services and support development and delivery of the UK's Payments Roadmap strategy. More at: http://www.techuk.org/payments-innovation-conference-2014-home

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Page 1: Payments Innovation Conference - Paul Burmester, CEO, Validsoft - Security vs Convenience: Voice a Game Changer?

© ValidSoft 2014

Breakout Session 1

Security vs Convenience:

Voice a Game Changer?

Proprietary and Confidential information 1

Page 2: Payments Innovation Conference - Paul Burmester, CEO, Validsoft - Security vs Convenience: Voice a Game Changer?

© ValidSoft 2014

Security must protect and serve ….

Proprietary and Confidential information 2

Page 3: Payments Innovation Conference - Paul Burmester, CEO, Validsoft - Security vs Convenience: Voice a Game Changer?

© ValidSoft 2014

Securing transactions with Personal Authentication….

Proprietary and Confidential information 3

Page 4: Payments Innovation Conference - Paul Burmester, CEO, Validsoft - Security vs Convenience: Voice a Game Changer?

© ValidSoft 2014

The ideal balance of security and user experience

• Nothing to remember or write down

• Natural and personal

• Cost effective and low friction – just speak!

• Backed by research – tested and rated as leading commercial engine By NIST

Voice biometrics value is increasing:

• Constant data access –– consumers want to access data wherever they are at

• A multi-channel banking world – voice is the only biometric that can work across multiple channels as

consumers want multi-channel banking

• Proven value across industry – once you have one voice print can be used across different industries

Why voice biometrics?

Proprietary and Confidential information 4

Page 5: Payments Innovation Conference - Paul Burmester, CEO, Validsoft - Security vs Convenience: Voice a Game Changer?

© ValidSoft 2014

Telephone Banking – reducing cost and friction

Proprietary and Confidential information 5

Page 6: Payments Innovation Conference - Paul Burmester, CEO, Validsoft - Security vs Convenience: Voice a Game Changer?

© ValidSoft 2014

Telephone Banking – the power of voice…

Proprietary and Confidential information 6

Bank Benefits

• Less Fraud

• Improved Customer

Experience

• Reduced Call Time

so Reduced Costs

Page 7: Payments Innovation Conference - Paul Burmester, CEO, Validsoft - Security vs Convenience: Voice a Game Changer?

© ValidSoft 2014

Balancing security and user experience in CardNotPresent…

Proprietary and Confidential information 7

Page 8: Payments Innovation Conference - Paul Burmester, CEO, Validsoft - Security vs Convenience: Voice a Game Changer?

© ValidSoft 2014

Breakout Session 1

Proprietary and Confidential information 8

Paul Burmester – CEO, ValidSoft

David Pollington - Senior Director Web Technologies, GSMA

Andrew Barnett - Director, Transactional Fraud Strategy, Barclays

John Maynard - Head of Development, Paym