Slashdot Mirror

Fidelity and Charles Schwab now allow traders to use "voice prints" to authorize stock transactions. But there's more to the story, argues long-time Slashdot reader maiden_taiwan: Fidelity Investments is touting its new security feature, MyVoice, which allows a customer to access his/her financial accounts by telephone without a password. "When you call Fidelity, you'll no longer have to enter PINs or passwords because Fidelity MyVoice helps you interact with us securely and more conveniently. Through natural conversation, MyVoice will detect and verify your voiceprint in the first few moments of the call... Fidelity MyVoice performs even if you have a cold, allergies, or a sore throat."

Based on my own experience, Fidelity now enables MyVoice automatically for its customers who call in for other reasons. Apparently, their conversation with Fidelity customer service provides enough data for MyVoice to recognize them. (Customers are informed afterward that MyVoice has been enabled, and they can opt out, although they aren't told that opting out is possible.)
It's not clear whether Fidelity is creating voice profiles of their customers without asking first. (Fidelity's site says only that their representatives will "offer" to enroll you the next time you call.) But the original submission ends with two more questions. "In an era where Apple's face recognition is easily defeated by family members, is voice recognition any more secure?"

And "Is a 'voiceprint' even possible?"

First time accepted submitter paulbes writes "Jan Koum picked a meaningful spot to sign the $19 billion deal to sell his company WhatsApp to Facebook [Wednesday]. Koum, cofounder Brian Acton and venture capitalist Jim Goetz of Sequoia drove a few blocks from WhatsApp's discreet headquarters in Mountain View to a disused white building across the railroad tracks, the former North County Social Services office where Koum, 37, once stood in line to collect food stamps. That's where the three of them inked the agreement to sell their messaging phenom –which brought in a minuscule $20 million in revenue last year — to the world's largest social network." Forbes overstates the apparent selling price by a few billion dollars; big numbers, either way. [Update: 02/20 13:51 GMT by T : The $19 billion makes sense, if you include retention bonuses in the form of restricted stock units.] Another reader points out the interesting fact that "Acton — himself a former Apple engineer — applied for jobs at both Twitter and Facebook way before WhatsApp became a wildly popular mobile app. Both times he was rejected."

finance-geek asks: "What software do you use for trade evaluation? Are there any good free programs out there? I am a former programmer now working at an investment fund, and I am shocked at the limited number of applications for evaluating and back-testing trading models. We currently use Wealth Lab , but since they were recently purchased by Fidelity, we are less certain about the future of their customer service. I checked out SourceForge.net but only a few programs looked interesting, and it will take me a while to evaluate them. Any suggestions?"