In a world where every each minute a large number of payment cards are being compromised, security is of paramount importance.

Source: The Nilson Report

This is where multi-factor authentication approaches come in, typically with the help of biometrics. However, biometrics aren’t immune to privacy.

think about it:

1

2

Your image footprint is exposed whenever you view anything E.g. social media platforms and physical retail stores record and save users images.

With fingerprint recognition, you effectively leave fingerprints everywhere you go.

3

With voice recognition, your voice is being recorded by devices, sometimes without your knowledge.

Source: ipswitch, 2017

Essentially, there’s

easy access

to all these

identifiers

What if you could pay and navigate through your personal finance in a secure and smarter way…

SoftServe’s Financial Services Lab and the

R&D team brings ease and security with

a single solution.

Electrocardiogram (ECG)-verified payments solution allows customers to easily manage their day-to-day financial and shopping activities.

The technology behind the solution uses ECG signals to analyse unique characteristics of a human heartbeat to authenticate the person. Our R&D team has successfully managed to compress a large clinical application into a wristband enabling users to comfortably wear and use on-the-go.

Your ECG cannot be accessed in public; it is safe and verifies the identity of a live human being.

As shown in the image below, ECG verification proves to overcome eight of the most common authentication issues, making the technology a very reliable and secure way to do banking. In combination with other types of bio-authentication, such as fingerprints or facial recognition, ECG verification provides an outstanding level of accuracy when carrying out digital wallet authentication.