Diaphonics Provides Biometric Voice Verification for National Association for Variable Annuities' Electronic Signature Initiative

Diaphonics has partnered with Signix to provide a platform for the electronic signing of legal documents for the NAVA E-signature working group.  This working group, which includes representatives from insurance carriers, distributors and securities firms, has established a simulation lab to test various electronic signature solutions.

According to Deborah Tucker, vice president of NAVA, "Diaphonics participation in this initiative enhances the flexibility of e-signature solutions.  Their voice verification platform allows our members to test a new channel for electronic signatures - the telephone."

Diaphonics' Spike Server adds voice verification to Signix's hosted solution for Public Key Infrastructure (PKI), so that a user's identity can be verified over the telephone as part of the electronic document signing process.  Spike Server verifies a caller's identity by matching a sample of the caller's voice to a saved voice profile, or "voiceprint."

According to NAVA, some of the companies that are participating in the simulation include AEGON Insurance Group, Allstate Financial, American Express Financial Group, Finetre Corporation, Genworth Financial, ING U.S. Financial Services, MetLife, Minnesota Life, Nationwide Financial and Symetra.