Posted by New Delhi: Silicon Valley-based Turant Inc has launched its AI voice biometric products in India. Turant is a first-of-its-kind AI voice biometric company that offers voice as password-less login.
The company uses deep tech AI techniques to authenticate a user remotely via voice samples collected in real-time over a phone call or mobile app.
Available across all Indian languages and around its 20,000 dialects, the company aims to reduce OTP-related frauds in transactions (financial / non-financial) in use cases across business/industry domains including e-commerce delivery.
The products have tested more than tens of thousands of voice samples across languages and dialects, under different situations and background noises, delivering a very high level of accuracy of more than 99%.
It not only verifies and authenticates the user in real-time but also tests for liveness or mimicry with its unique anti-spoofing technology.
Currently, Turant is a bootstrapped company founded by two IIT graduates among others having long rich global and cutting-edge tech and R&D experience at Bell Labs, Tokyo Electronics, Amdocs, Lucent, etc. Turant is targeting a high growth of 50% year-on-year over the next 5 years in India.
Turant’sVoiceVerify and SecureVoice products not only offer to fill the void of a missing cutting-edge solution in the Indian markets but also aspires to contribute to India’s digital dream of bridging the digital divide by offering its voice biometric transaction capabilities to nearly 500 million Indian feature phone users who don’t have access to smartphones.
Supporting any language spoken across the world, the service opens numerous possibilities for low digital literacy users, who prefer to simply use their voice to undertake digital payments safely and securely. It will also help eliminate potential fraud-related issues related to SMS OTP.
The products have been receiving tremendous responses from businesses for applications such as password-less login, cross-border 2FA payment authentication, e-commerce feet of street delivery person authentication, etc.
“I always wanted to do products that can potentially touch the lives of masses and voice verification is a revolutionary move in the space,” said Anurag Goel, Founder and CEO of Turant Inc says,
“It is not only the most natural method of communication but also economical and simple for enterprises to adopt as opposed to the current authentication solutions in the market. Users need not remember passwords, nor be device dependent. This also enables enhanced user satisfaction and repeat transactions for a business,” added Goel, an IIT Roorkee alumni.
The A2P (Application to Person) market stands at $75 billion per year. Customer convenience, fraud elimination and reach, irrespective of the device used, provides a huge opportunity for businesses as well as deliver the cost advantage compared to SMS OTP login.