June 20, 2016 -
Biometric authentication firm Daon recently announced that it won a 2016 NAFCU Services Innovation Award for its IdentityX platform.
The Innovation Awards is the credit union industry’s annual awards competition that highlights outstanding innovations that help credit unions thrive.
According to a statement by the company, the IdentityX platform allows individuals to securely establish their identity by capturing and fusing together a combination of authentication factors including biometrics (fingerprint/voice/face etc.), hardware token possession (their mobile device), encryption, PIN entry, and location-based technology. The required combination of authentication methods is flexible and driven by risk-based policies determined by the credit union.
“Daon has taken the financial services sector by storm,” said Randy Salser, President of NAFCU Services. “This Innovation Award is yet another example of why the leading minds in banking, payments, and data security are choosing to partner with Daon.”
“We are delighted and humbled to be a NAFCU Services 2016 Innovation Award Winner,” said Tom Grissen, Chief Executive Officer of Daon. “NAFCU Services has been a great partner and we look forward to continuing to bring credit union members a faster, more convenient, and secure way to authenticate.”