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Voice Activated Transactions Market - Segmentation and Analysis by Recent Trends, Development and Growth by Regions to, Analysis, Forecast to 2026

09-10-2018 08:46 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Voice is a unique characteristic of an individual just like iris or fingerprints; as a result, voice has developed as a feasible authentication technique. Scientists over the last few decades have made use of this fact and have used technology to identify individuals by this unique voice pattern. In terms of biometric technology, authentication technique was developed which could authenticate and identify an individual based on IRIS pattern, fingerprint and now, voice pattern.

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The banking, financial services and insurance (BFSI) sector is strongly investing in voice activated transactions technology, as it would revolutionize the industry in terms of how an individual can access information remotely. Customers who use gadgets of Amazon can request the virtual assistant to take care of financial transactions for them. With the help of such technology, this improvement saves consumers the trouble of memorizing yet another password and going through a tiresome login process every time they want to receive or make a payment.

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Any mobile device running Microsoft Windows Phone, Android OS, Blackberry, or an iOS operating system offers voice command capabilities. Additionally, with voice activated transactions software used for OS (operating system) of all mobile phones, a user might download third party applications of voice commands from each operating system’s application store.

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