
Illuma
Illuma is a Credit Union Service Organization (CUSO) and R&D company headquartered in Plano, Texas. We deliver real-time voice authentication and fraud prevention solutions for credit unions and community banks through our flagship product, Illuma Shield™. Improving Caller Experience, Operational Efficiency, and Account Security With Illuma Shield™ the authentication portion of the call is reduced by 80% or more as callers are identified by an AudioPrint™ using unique characteristics of their voice and device. - Illuma Shield™ brings the brick-and-mortar experience to the contact center. Callers get a warm and personal interaction where they don’t have to jump through hoops to prove who they are. - This system allows agents to reduce the part of the call that tends to cause the most frustration and delays, enabling them to help callers with their questions, concerns, and transactions faster. - Voice biometrics are far better for fraud prevention than even the most extensive security questions. Generating a false positive that misidentifies someone other than the account holder as a match is extremely difficult. Frictionless Authentication from the Start Our passive voice authentication system works seamlessly in the background. - Deployment takes weeks, not months - More than 95% of those invited to enroll say, “Yes!” - 100% of agents say the system is easy to use Bringing Big Bank Technology to Community Financial Institutions on a Budget Credit unions and community banks that want to be ahead of the curve with FinTech partner with Illuma Labs to deploy state-of-the-art technology that features the latest in voice biometrics, AI, and Machine Learning. Illuma Shield™ has been showcased at multiple premier FinTech events such as FinovateSpring and FinovateFall and won Best in Show at VentureTech 2019. Illuma Labs is the exclusive provider for CUNA Strategic Services and has industry endorsements in 34 U.S. states.

Illuma
Illuma provides voice authentication and fraud prevention solutions for credit unions and community banks, enhancing security and user experience in contact centers.
About
Needs Assessment
Active buying signals and potential business opportunities
Technology Requirements
Voice authentication software with advanced AI and machine learning capabilities.
Fraud prevention tools to combat evolving social engineering tactics.
Secure voiceprint handling and storage solutions.
Tools for risk rating and fraud tagging.
Solutions for integration with Conversational IVR systems
Service Requirements
Professional services for rapid deployment and seamless integration with existing systems.
Ongoing maintenance and support from the software vendor.
Training for internal teams on voice authentication technologies and fraud prevention best practices.
Consulting services to optimize voice authentication strategies and address compliance requirements.
Infrastructure Requirements
Lightweight, cloud-based system for scalability and ease of deployment.
Secure servers behind firewalls to protect sensitive voice biometric data.
Compatibility with traditional call center telephony systems.
Robust monitoring and observability tools to detect and respond to security threats.
Talent Requirements
AI and machine learning specialists to enhance voice biometric accuracy.
Security experts to address evolving fraud threats and ensure compliance with privacy regulations.
Integration specialists to facilitate seamless deployment with various telephony and contact center platforms.
Customer support engineers to provide ongoing maintenance and support to clients.
AI Insights
Growth Trajectory
With a focus on innovation, evidenced by the $9M Series-A funding, Illuma is positioned for continued growth in the voice authentication market, driven by the increasing need for secure and frictionless solutions in financial institutions.
Market Opportunity
Illuma's focus on affordable and easy-to-use voice authentication solutions for credit unions and community banks provides a strong market advantage, addressing a gap often overlooked by larger, more expensive solutions.
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