Sensory Partners with Fujitsu to Bring Biometrics to Mizuho’s Mobile Banking
Fujitsu has teamed with Silicon Valley-based Sensory to provide face biometric authentication for Mizuho’s mobile banking, reports Antony Peyton of Banking Technology(Finovate’s sister publication).
Mizuho is the first customer of the Fujitsu and Sensory partnership and it will be using TrulySecure. This solution’s features include the option to fuse voice and face biometrics recognition together; and it works with Android, iOS, Linux and other platforms.
It also has convolutional neural net technology running on the device – so it does not store biometric info in the cloud. In addition, TrulySecure’s “anti-spoofing approach” prevents unauthorized users from gaining access with photos or videos of enrolled users.
Michihiko Ejiri, VP of front digital service business division at Fujitsu, says working with Sensory has “allowed us to help our customers around the world improve the user experience provided by their apps by integrating face biometric authentication technologies into them”.
Left to right: Sensory’s Jeff Rogers (Vice President) and Todd Mozer (CEO and President) demonstrating TrulySecure at FinovateFall 2017.
Sensory reckons digital commerce and banking apps have moved toward mobile payment and wallet applications. In turn, this demand has created a need for fraud and theft prevention technology that is “frictionless to the end user”.
It also cites research from Markets and Markets that the global facial recognition market is expected to grow from $4.05 billion in 2017 to $7.76 billion by 2022, with banking, financial services, insurance, retail and healthcare being major growth areas.
“Supported by the rapid growth in adoption that our TrulySecure face recognition technology is seeing among banking apps, mobile phones, and more,” Sensory CEO Todd Mozer said, “our research has found that consumers prefer the user authentication experience offered by face biometrics.” Mozer highlighted speed, accuracy, and convenience among the top reasons why customers appreciate Sensory’s technology.
Founded in 1994 and headquartered in Santa Clara, California, Sensory demonstrated its TrulySecure bank teller chatbot with biometrics solution at FinovateFall 2017. The company announced last month that its TrulyHandsFree voice control technology would serve as an Alexa trigger for Garmin Speak. And in September, the company’s TrulySecure facial recognition technology was added to LG’s flagship V30 smartphone, as well as LG’s Q6 and G6 models.