{"id":669,"date":"2021-10-27T15:54:42","date_gmt":"2021-10-27T13:54:42","guid":{"rendered":"https:\/\/blog.simpletech.uy\/?p=669"},"modified":"2025-12-08T19:39:16","modified_gmt":"2025-12-08T18:39:16","slug":"somos-top-4-en-fintech-futures-awards","status":"publish","type":"post","link":"https:\/\/www.simpletech.uy\/en\/somos-top-4-en-fintech-futures-awards\/","title":{"rendered":"We are Top 4 in FinTech Futures Awards"},"content":{"rendered":"
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Our project \u00abFrictionless security for chat payments\u00bb<\/em> was distinguished as highly recommended<\/strong> at the #PayTech Awards by FinTech Futures. This solution, developed with best-in-class voice biometrics identification R&D, brings a new level of security for customer service on WhatsApp, for finance, healthcare, insurance or other industries that handle sensitive information.<\/p>\n\n\n\n

There is no need for frustrating and vulnerable passwords, PINs or knowledge-based authentication.<\/p>\n\n\n\n

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FINTECH FUTURES AWARDS<\/strong><\/p>\n\n\n\n

The PayTech Awards of FinTech Futures<\/a>, recognize excellence and innovation in the financial and payment industry around the world. The 4th annual awards ceremony took place in July 2021.<\/p>\n\n\n\n

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DISTINCTION RECEIVED<\/strong><\/p>\n\n\n\n

\ud83e\udd47 \u00abHighly Commended\u00bb<\/em>: Placing ourselves within the top 4 payment technologies of the future <\/p>\n\n\n\n

ALLIES FOR SUCCESS<\/strong><\/p>\n\n\n\n

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The project was carried out in conjunction with ID R&D<\/a>, who chose Simpletech as their partner to undertake this challenging project. ID R&D is an award-winning provider of AI-based facial and voice biometrics and liveness detection. Headquartered in New York, it has one of the strongest R&D teams in the industry, consistently delivering innovative, best-in-class biometric capabilities that raise the bar in terms of usability and performance.<\/p>\n\n\n\n

The alliance with ID R&D allowed us to implement the world's first biometric voice authentication within the API of WhatsApp for Business<\/a>. The solution integrates our conversational tool Wittybots<\/a>, with ID R&D's voice recognition and anti-spoofing system. <\/p>\n\n\n\n

WHATSAPP: CHAT SECURITY<\/strong><\/p>\n\n\n\n

WhatsApp is the most widely used conversational channel in the region, as well as in much of the world. It is a great tool that allows companies focused on B2C to improve their experiences. It is practical and agile, but its lack of security guarantees when transmitting sensitive information has put economic transactions in question.<\/p>\n\n\n\n

WHAT IS INNOVATION?<\/strong><\/p>\n\n\n\n

We have developed the first two-factor authentication for WhatsApp, which solves this security problem. It takes just 20 seconds to register a phrase, which will act as a voice password, directly within WhatsApp. To do so, the user simply presses the microphone icon to record an audio and then sends a short voice message to generate the authentication. This can be used any time the user needs to verify their identity. <\/p>\n\n\n\n

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Voiceprint registration process.<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n
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\"Chatbot
Using voicemail to schedule an appointment. <\/em><\/figcaption><\/figure>\n<\/div><\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

The voice is a unique security guarantee, thanks to the 72 body parts involved in creating an impression. In this integration, the voice is instantly matched with the saved record and its authenticity is verified to protect it from falsification, using complex identification algorithms. <\/p>\n\n\n\n

The voice biometrics<\/a> allows for the implementation of low-friction Two Factor Authentication. There is no need to incorporate easy-to-forget passwords, PINs or other types of authentication that create frustrating processes for the user and that also tend to be easily breached. <\/p>\n\n\n\n

Today, companies can go one step further when implementing the WhatsApp channel to communicate with their customers. Authorizing payments and transferring sensitive information in a safe and efficient manner is a reality thanks to this innovation. <\/p>\n\n\n\n

Learn more about WhatsApp's potential as a communication channel for companies entering here<\/a>. <\/p>\n\n\n\n

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\ud83d\udc49 You may also be interested in: <\/strong><\/p>\n\n\n\n