TD Waterhouse Discount Brokerage has launched a new telephone voice identification system. TD Waterhouse says it is the first discount brokerage firm in Canada to use the leading-edge biometric technology.

Biometric technology uses a person’s unique characteristics, for instance, fingerprint, facial features or retinal patterns to verify their identity. The TD Waterhouse Voice Print System allows clients to create a unique voiceprint, which is converted into a mathematical representation of their voice, then stored on file and used to verify their identity. Recording the voiceprint takes only a couple of minutes.

“In fast moving markets, clients want speed and security, and TD Waterhouse Voice Print System offers both,” says John See, president, TD Waterhouse Discount Brokerage.