Daon expands international footprint of biometric technology with new partnerships
African financial technology company Union Systems Limited (USL) will use IdentityX biometric technology from Daon to deliver cross-channel authentication and digital onboarding for financial institutions and other industry verticals on the continent, according to a company announcement.
IdentityX two-in-one authentication and onboarding technology enables new customers to register their identity in minutes and then perform ongoing authentication. Daon says the software removes friction from both processes, and provides robust security through a multi-layered approach. IdentityX is also certified for FIDO 1.1 (UAF) and FIDO2 protocols.
“Working collaboratively with Union Systems Limited, we will make our leading identity technology available to an ever-growing wave of African innovators, particularly those in financial services who want to reach more customers and differentiate themselves with a secure and seamless experience,” said Tom Grissen, CEO, Daon. “We are excited to bring our authentication and digital onboarding capabilities to Union Systems customers and expand our product offering throughout the African market.”
Daon has also launched a new joint venture with one of Japan’s largest financial groups, Sumitomo Mitsui Financial Group/Sumitomo Mitsui Banking Corporation, and its technology partner NTT Data. The new Polarify service delivers biometric authentication and eKYC across multiple channels to meet the combined onboarding and authentication needs of Japanese service providers.
Polarify is used by Japanese banks and some of the world’s most prestigious ecommerce and insurance companies, including the country’s largest life-insurance provider, according to a case study on the Daon website. Recent legislative changes to the Japanese Act on Prevention of Transfer of Criminal Proceeds (ACTAP) and other KYC regulations allowed the service providers to harness the digital channel.
Industry and DHS veteran John Sanders was appointed Daon President of Emerging Markets to lead the company’s global expansion a month ago.
For the enterprise market, Daon has joined the Nice Actimize X-Sight Marketplace, along with Au10Tix and Kingland. The three new partners bring biometric authentication and identity assurance, secure customer onboarding, and entity and data management capabilities to the Nice Marketplace.
“Au10Tix has established itself as a leader in global customer onboarding and forensic level identity and further distinguishes itself through its use of advanced machine learning,” said Ron Atzmon, CEO, Au10Tix. “Au10Tix has a vision for helping create secure and seamless transactions for our partners and their customers, and we look forward to expanding through the X-Sight Marketplace, working closely with NICE Actimize.”