Nigeria-based Union Systems is the latest company to team up with global biometric identity technology innovator Daon. The African fintech will help bring Daon’s “two-in-one,” cross-channel authentication and digital onboarding technology to financial institutions across the African continent.
“This partnership with Daon puts us at the forefront of the efforts by the regulatory authorities to combat financial crimes,” Union Systems CEO Chuks Onyebuchi said. “Daon’s technology is cutting-edge, and will redefine authentication and digital onboarding as we know it.”
Daon’s IdentityX platform enables new users to leverage credentials established during the onboarding process for ongoing authentication. This “two-in-one” approach removes friction and accelerates time to revenue by activating customers faster. The platform provides the highest level of security via mobile, web, and call center authentication, and is FIDO certified.
“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,” Daon CEO Tom Grissen said. “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 demonstrated its universal mobile biometric authentication platform at FinovateFall 2016. The solution leverages device binding, geolocation, liveness detection, and other technologies to provide a seamless, inherently multi-factor, authentication experience. Earlier this year, Daon unveiled a suite of new features for its onboarding solution, including browser-based onboarding, third-party identity checks, automated decisioning, and optional human review.
Last month, Daon announced that John Sanders, co-founder of Reveal Imaging Technologies (acquired by SAIC), would join the company as President of Emerging Markets. Sanders will be tasked with helping lead the company through its next phase of growth into new verticals, and will also be a member of Daon’s board of directors.
The Reston, Virginia-based company announced a pair of partnerships over the summer. In July, Daon collaborated with digital onboarding and anti-fraud specialist CTMS in a partnership that will make Daon’s biometric security technology available to FIs and businesses in France. The same month, Daon and North African technology firm GEMADEC announced they had successfully set up a mobile application for the Moroccan Interprofessional Pension Fund (CIMR). The app uses facial recognition as part of a life certificate digitalization that establishes proof-of-life.