Daon, CTMS partner on biometric KYC and onboarding solutions for French-speaking countries
Daon and CTMS have signed a partnership agreement that enables CTMS to deliver KYC and onboarding solutions backed by Daon’s biometric and liveness detection technologies to financial institutions and other industries in France and other French-speaking countries. CTMS provides a variety of KYC and onboarding solutions for banks and financial institutions, police, administrations, social agencies and businesses in France, Africa and abroad.
“With the extraordinary increase in digitalization, CTMS must meet the security needs of financial institutions and all the other industries facing identity and documentary fraud,” explains CTMS CEO Christophe Dolbeau. “Biometrics is one of those answers. It concretely helps the fight against fraud, allows us to provide an even higher degree of security to our customers while facilitating the journey of users. Our partnership with Daon enriches our offering with the best of biometric technologies, complementing our leading anti-fraud position.”
Daon recently launched what it calls a “landmark new release” of its biometrics-based digital onboarding product with new features including smart fraud detection with anti-spoofing and biometric watchlists that monitor duplicate identities and multiple attempts at account openings. According to the announcement, the new release integrates seamlessly with third-party identity proofing tools and runs on both mobile and web.
“As Daon’s integrated platform for biometric-based digital onboarding and authentication IdentityX continues to expand internationally and across various business sectors, we are excited to partner with CTMS and share in its mission of bringing security and fraud prevention to financial institutions and other industry players in France and on the global stage,” said Tom Grissen, Daon CEO.
The Moroccan Interprofessional Pension Fund (CIMR) recently announced it is launching a mobile application for its beneficiaries with facial biometrics technology provided by GEMADEC and Daon.