INERNET OF EVERYTHING: A SOLUTION TO MOBILE BANKING USING VOICE RECOGNITION

International Journal of Computer Science (IJCS) Published by SK Research Group of Companies (SKRGC).

Abstract

The advancement in the banking transaction systems over the years has been enormous, and the needs for identifications of customer authentication, validation, and confirmation are of utmost priority and should be dealt with judiciously. Mobile banking has emerged as one of the main divisions in the digital world of financial transactions and consists of information inquiry, notifications and alerts, applications, and payment transfers. Mobile-based application is used for connecting customer handsets with bank servers for all such services in the banking industry. The current trend of Mobile banking has gone beyond the use of Time Password (OTP) applications used by banks. The problem with current banking applications is that they send data directly to customers in plain text form compromising with security recognized as OTP in most online transactions. An online banking customer logging in to the bank’s website with a username and password triggers a request to send an OTP to his or her registered mobile phone or the OTP may not be necessary after one or two transactions. There is every likely hold of Mobile phones been stealing, accessed by unauthorized persons, or hacked. Upon receipt of a text message with the OTP, the customer enters it with an additional field on the banking site’s login page to complete the login process since your details are already on your phone. It could have been fine if the mobile network can act immediately but blocking of network provider involves the presentation of the National Identification Number (NIN), which is a chain reaction. The purpose of this research work is to provide a cost-effective, secure, fast Mobile banking solution combining features of cryptography as well as behavioral pattern and Interactive Voice Response for final authentication and authorization of customer identification in all forms of financial transactions.

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Keywords

Mobile Banking, Online Transactions, Cryptography, OTP.