Daon Builds on Success in Hong Kong Banking Sector

“The company’s IdentityX platform, which supports fingerprint, facial, and voice recognition on smartphones and tablets, has proven widely popular across the financial services landscape as business is increasingly being transacted through mobile devices…'”

Daon is celebrating the success of a biometric authentication solution based on FIDO Alliance standards to customers of a Hong Kong bank, the company has announced. The work was done in collaboration with Digi-Sign, a subsidiary of Hong Kong e-commerce services provider Tradelink.

In a statement announcing the deployment, Daon did not name the bank in question, but said it is “one of the largest banks in Hong Kong.” The company says that since the mobile authentication system was deployed in December of 2016, “customer adoption has been rapid and has exceeded expectations,” and that thanks to this success, the bank is now expanding the use of Daon’s solution to more digital channels and use cases. Daon says that it and Digi-Sign have also now been contracted to deliver “similar biometric FIDO solutions for multiple financial institutions in the region.”

It’s just the latest example of the success of Daon’s mobile biometric technology. The company’s IdentityX platform, which supports fingerprint, facial, and voice recognition on smartphones and tablets, has proven widely popular across the financial services landscape as business is increasingly being transacted through mobile devices, having been embraced by groups ranging from Sri Lanka’s Nations Trust Bank to Mastercard. The Hong Kong activities also point to the growing prominence of FIDO Alliance standards like the Universal Authentication Framework, which offers banks and many other organizations a standardized means of implementing strong authentication security.

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February 27, 2018 – by Alex Perala