The recognition emphasizes our mission to make smart biometric authentication and payment technology readily available to all institutions in order to provide exceptional authentication and payment experiences to their consumers.
PLANO, Texas (PRWEB)
June 01, 2023
Wink, a pioneering company in multi-modal biometrics authentication and payments, has proudly received the Best of Show award at FinovateSpring 2023. Among the handpicked startups showcasing cutting-edge innovations in technologies involved in finance and AI, Wink stood out as a frontrunner in the use of facial and voice recognition technology, especially with its new voice liveness detection technology that uses generative AI. It demonstrated biometrically enhanced human presence checks to validate financial transactions, and showcased the use of multi-modal biometrics in various banking and payment use cases. Wink received one of the largest amounts of votes in the demo, further solidifying its position as a leader in the industry.
Finovate conferences provide a platform to introduce advancements in fintech. Wink’s recognition underscores the potential for broad adoption of biometrics and AI, which can provide users with an enhanced experience while ensuring the safety and security of sensitive transactions. Wink simplifies smart authentication and payment experiences by leveraging the power of facial and voice recognition with a zero-knowledge architecture, eliminating vulnerabilities and fraudulent activity, a feature that isn’t present in presently adopted techniques. Wink recently launched a multi-modal liveness detection feature designed to differentiate between real human users and AI-generated, recorded video or deepfake users. With this feature, it is possible to prevent fraudulent hackers and bots from trying to access sensitive accounts or conduct unauthorized transactions.
During the seven-minute live on-stage demo, Wink’s Founder and CEO, Deepak Jain, successfully demonstrated how a user can log into their account on any camera-enabled device while ensuring the security of their identity. In an industry first for biometric passwordless systems, this included stepping up the authentication to include voice verification if the user’s face was partially covered or blurred. In the second part of the demo, a hack was simulated using recorded video of a real person, which was quickly detected and rejected by Wink’s AI in real-time. Wink then demonstrated industry-first biometric human presence checks to validate financial transactions such as wire transfers, replacing the commonly used SMS/OTP code-based two-factor verification used today by most institutions. The demo ended with the user conducting a hands-free, face biometrics-based payment transaction on a commercial point of sale terminal. This unique combination of convenience and security places Wink as the trailblazer for the authentication and payments industry, revitalizing their future.
Jain stated, “We are thrilled and deeply honored to receive the Best of Show award at FinovateSpring 2023. This recognition emphasizes our mission to make smart biometric authentication and payment technology readily available to all institutions in order to provide exceptional authentication and payment experiences to their consumers. We are grateful to the assembled judges and industry peers for their recognition and to our remarkable team for their tireless efforts in making Wink the industry pioneer it is today.”
Wink is inspired to continue innovating and disrupting one of the financial industry’s most important challenges—delivering fraud-free experiences without compromising user growth, with this award. Wink is committed to providing the best in biometric technology to everyone, empowering both businesses and individuals to have a seamless and trustworthy customer experience.
Wink provides a device agnostic multifactor multi-modal biometric identity and payments platform that combines advanced face and voice recognition, liveness detection, AI, advanced ML, and generative AI technology for fast, secure passwordless login and payment experiences. Wink has been recognized as one of the top biometric startups and has several patents pending on using biometrics in passwordless authentication, e-commerce, retail and car payments. Wink payments platform supports major payment methods such as credit cards, debit cards, and major wallets that are popular with consumers. Wink’s platform also allows sending biometric payments to over 200 major gateways. Wink’s technology also provides advanced network tokenization and PCI compliant data protection to customers looking to bring fraud-free payments to their consumers. For more information, visit http://www.wink.cloud.
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