Google and this company join hands to carry out voice-based financial transactions.

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Reliance Nippon Life Asset Management
B	HDFC Asset Management
C	IDFC Asset Management Company Limited
D	Birla Sun Life Asset Management

Explanation:

Detailed explanation-1: -Voice-based Account Servicing: Banks allow customers to use speech to check account balance, transaction history, etc. Some of the supporting devices like Alexa, Google assistants, Siri.

Detailed explanation-2: -Voice banking is the technology powered by AI that allows users to access banking services through their words or voice commands. For example, a customer can either call their bank’s voicebot or talk to the official voice assistant and enquire about their account balance, locate a nearby ATM, block their card, etc.

Detailed explanation-3: -Your voice authenticates transactions and authorises payments. Furthermore, voice payments are expected to level the playing field by eliminating the requirement for digital literacy and awareness as entry barriers to the burgeoning online payments industry.

Detailed explanation-4: -Voice Technology in Banking. Speech recognition is an artificial intelligence-based technology that automatically allows software programs to recognize speech. It is an AI-enabled capability with a software algorithm to match the identity of a customer to their voice.

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