Industry: Financial Services Region: EMEA Technology: UC/Customer Care
Looking to further prevent fraudulent activity, a major Middle Eastern bank took proactive measures and consulted Cisco on how it could introduce another layer of security into its customer support phone system.
After uncovering the customer’s current processes, requirements, and needs, Cisco’s CADI team introduced the Cisco Finesse® Authenticator solution to help the customer increase its security levels.
In short, the Finesse Authenticator prompts the bank’s customer (caller) to enter a PIN number before any requests are heard in order to verify the caller’s identity. Certain precautions are of course taken, notably that the Finesse Authenticator transfers the customer to an interactive voice response (IVR) system to enter their PIN so that no one can listen to the call or detect the keys pressed.
Here’s how the Finesse Authenticator works:
The main benefit to both parties is that there are less fraudulent transactions. This simultaneously lowers OpEx costs for the bank and increases customer satisfaction with more happy customers.