PAYMENT SOLUTIONS
COVID-19 and the age of convenience There seems to be little doubt that the COVID-19 pandemic has led to a surge of interest in biometric payments ; a
study conducted in November 2020 found that 59 % of consumers would be willing to pay additional monthly fees if their bank offered biometric payment options . The advantages of paying without making physical contact ,
Fluent . ai
Fluent . ai is a speech and language understanding company , focused on bringing natural voice interfaces to embedded devices ( AI on the edge ).
Fluent ’ s unique , End-to-End Spoken Language ( E2E-SLU ) technology allows it to develop systems that are nimble , with a flexible voice user interface and high recognition accuracy on small platforms . Uniquely , the company ’ s tech is able to learn and recognise multiple languages concurrently .
Tomar describes Fluent ’ s mission as , “ breaking down barriers to the adoption of voice user interfaces , thereby allowing everyone to talk to their devices in their native language .” either through cards or cash , has definite appeal in terms of hygiene .
Although he has reservations about how much voice-recognition tech in particular has been affected , Tomar is certain that demand for biometrics is only increasing . “ This is for three main reasons : an increased demand for more accurate or multimodal identification methods , a general improvement in the capabilities and accuracy of artificial intelligence ( AI ) technologies , and ease of use . For voice biometrics , the user-adoption / experience friction is nearly zero ,” he states .
Indeed , compared to remembering a password or entering a PIN number , biometrics represent a practically seamless alternative that is also potentially more inclusive , too . “ Once someone is set up with