How they describe themselves: Daon is a leading provider of biometric authentication and identity assurance solutions to enterprise and public sector customers worldwide. Daon is recognized as an innovator for securely and conveniently combining biometric and identity capabilities in multiple channels, empowering our customers and their users to choose the factor or combination of factors that best meet their needs. Daon’s offerings include rich mobile biometric authentication and biometric identity management solutions with deployments that span digital banking, payments verification, border management, immigration, employee credentialing, national ID, passports, driver’s licenses, voter registration, beneficiary verification, and cloud authentication.
How they describe their product/innovation: IdentityX® is a universal mobile biometric authentication platform that verifies a person is who they claim to be using biometrics such as their face, voice, and fingerprint. IdentityX deploys biometrics with a combination of device binding, geolocation, liveness detection, and more to facilitate a seamless authentication experience that is inherently multi-factor. IdentityX was built with an eye toward the future, allowing for easy integration of new technology and biometric modalities as they become available. This technology is perfect for banks and payments processors as a convenient, fast, secure way for customers to do business online and is currently used by millions across the globe.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed