Biometrics and natural language processing: the next steps in Santander’s digital transformation

By Olivia Minnock
Santander is reportedly introducing new technologies such as biometrics and natural language processing to help with identity verification. Natural la...

Santander is reportedly introducing new technologies such as biometrics and natural language processing to help with identity verification.

Natural language processing will be added to the company’s telephone banking service, so that people can verbally post a question and then be redirected to the relevant team.

Voice biometrics, allowing customers to create a ‘voice print’ will be used to make phone authentication quicker and easier.

“Our innovative combination of phone ID and voice ID gives our customers an incredibly simple and seamless way to authenticate themselves when calling us – removing the need to remember and key in numbers while ensuring the highest standards of security,” commented Reza Attar-Zadeh, head of customer interactions at Santander UK.

SEE ALSO:

Speaking to Gigabit Magazine earlier this year, Santander UK’s Managing Director Andy Pearson emphasised the importance of keeping up with the latest technology innovations. “Technology is fundamental to banking and fundamental to what we do here.

“Our aspiration is to be the best open digital bank so we need to stay abreast of the latest developments and adapt to new ways of working, and be responsive to what the market and the customer needs,” he commented.

David Hayes, Chief Data Officer, added: “I firmly believe that technology will completely change banking in the next 20 years. The challenge for the industry will be to embrace those technologies – and the winners will be those who can do that in a way which is right for the customer.”

Share

Featured Articles

Fireblocks buys tokenisation firm Blockfold amid high demand

Fireblocks is acquiring tokenisation firm Blockfold amid rising demand from tier-1 financial institutions to tokenise assets like deposits and stablecoins

Papara will focus on M&A amid expansion, neobank's boss says

Turkish neobank Papara will continue to focus on M&A as part of its European expansion strategy, Chairman Ahmed Karslı is set to tell FinTech Magazine

Wise and Swift join forces on faster cross-border payments

Wise and Swift are joining forces to empower banks and FIs to deliver more cross-border payment optionality as part of a broader long-term partnership

Marqeta: over half of people want Gen AI help with finances

Financial Services (FinServ)

Fintech super-app Rauva to acquire Portuguese bank for €30m

Banking

UK's Zopa Bank gets £75m of fresh funding from investors

Banking