Pensions are important for retirement security. With increased life expectancy governments place weightage on a robust pension administration system that can assist their elderly population post-retirement. There are several issues/challenges faced by the government on these pension schemes, significant amongst them being pensioner existence fraud (eg: payments made to deceased pensioners due to falsified details provided by their close relatives).
With rising Covid cases, the life-threatening risk that it poses for senior citizens to verify proof of life in banks/pension offices, there is an urgent need for a “touch-free”, safe & secure biometric solutions to be put in place for them.
“Kaizen Secure Voiz – Voice Biometrics” enables pensioners to prove they are alive by a combination of Unique national ids and a robust Voice authentication tool that can be used from “anywhere and anytime”.
Before each pension payroll processing, the retired pensioner can just dial into a designated toll-free number to authenticate his/her voice. Once authenticated as being alive he/she becomes eligible for pension payouts for the subsequent month.
We would provide an umbrella of safety and secured authentication in real-time using inexpensive methods of implementation that helps prevent deposits made to fraudulent account thus saving the exchequer from incorrect payments. The Return of investment is the savings made in avoiding above said payments.