You know the drill. You call a company to discuss something finance-related, and before you even get past ‘hello’ you’re met with a barrage of questions that are designed to confirm your identity, but in reality feel like you’ve just dialled the Spanish Inquisition.

That could soon be a thing of the past, as banks and other financial institutions are set to adopt voice biometrics to confirm that you are who you say you are.

With this system you’d only have to undergo questioning once, with all later calls to a company confirmed simply using the sound of your voice.

The technology utilises existing recordings to create a “voice print” of you, meaning banks that have recorded past calls could convert you to the new system without your knowledge; you’d find out when you made a call and didn’t have to answer a flurry of questions.

The technology, which is being showcased at banking technology tradeshow FinovateFall 2014 later this month, also provides significantly improved fraud prevention over the traditional question system.

At present there is nothing stopping someone with enough private information from posing as you to gain access to your finances, whether they be an online fraudster or a manipulative family member.

However with the new system this would be impossible – anyone trying to pose as you would be immediately indentified, no matter how much information they knew about you.

For banks trying to prevent fraud, the technology is set to be highly appealing.

“As financial crime becomes more and more sophisticated, financial institutions face significant challenges when trying to provide immediate and efficient customer service while protecting sensitive customer information,” said Tom Dziersk, president of NICE Americas, a company developing the technology.

“Real-time voice authentication technology helps financial institutions get closer to their customers by servicing them faster, smarter and safer to protect them against fraud while providing an exceptional customer experience.”

The field of finance can be fairly cautious about adopting new technology due to the inherent increased risk if something goes wrong, but is showing interest in a variety of innovations.

One of the biggest areas of change is payments. Although a variety of smartphone-based payments have failed to take off, many are expecting the newly announced Apple Pay to finally make the technology a popular reality.

Elsewhere more offbeat payment technologies are being developed, including a vein-scanning technology that could offer unparalleled levels of security.