Digital identification firm Daon has cast a strategic partnership with safety know-how agency Giesecke+Devrient (G+D).
The partnership will mix Daon’s identification verification and biometric authentication know-how with Giesecke+Devrient’s digital safety product suite.
Based in 2000, Daon made its Finovate debut at FinovateFall 2016 in New York.
Digital identification specialist Daon and safety know-how firm Giesecke+Devrient introduced a strategic partnership this week. The settlement will mix G+D’s choices with Daon’s identification verification (IDV) and biometric authentication capabilities, enhancing Giesecke+Devrient’s safety product suite and bringing Daon’s IDV and biometric options to a broader vary of consumers.
“G+D has an extended historical past of innovation throughout a variety of safety options starting from financial institution playing cards to Central Financial institution Digital Foreign money; they launched the primary industrial SIM card and delivered the world’s first industrial eSIM,” Daon CEO Tom Grissen stated. “We’re pleased with Daon’s collaboration with G+D which facilitates the introduction of recent scalable, safe identification verification and biometric options to thousands and thousands of customers throughout a variety of industries and use instances.”
The partnership between Giesecke+Devrient and Daon will present corporations—together with these in monetary providers and in service provider ecosystems—with identification continuity all through the whole buyer journey, from onboarding to restoration. Along with providing fraud prevention instruments like biometric watchlists and applied sciences reminiscent of deepfake detection, the partnership can even allow corporations to supply superior verification and eSIM capabilities to cellular operators. Matching Daon’s TrustX platform with G+D’s eSIM administration platform will give cellular community operators (MNOs) a single resolution for securing eSIM issuance and portability.
“Safety has all the time been on the core of G+D’s mission. By combining Daon’s management in digital identification belief with G+D’s experience in safe digital transactions, this international partnership delivers extra than simply safety—it allows seamless identification continuity throughout all buyer touchpoints,” Giesecke+Devrient CDO Gabriel von Mitschke-Collande stated. “Our layered strategy supplies a number of alternatives to detect and stop fraud, whereas guaranteeing full compliance with regulatory and accessibility requirements. Collectively, we’re setting a brand new benchmark for each safety and person expertise in digital identification.”
Munich, Germany-based Giesecke+Devrient presents options for digital safety, monetary platforms, and forex know-how. An innovator within the card and digital funds trade, G+D orchestrates actual world cost and banking experiences with human-centered safety know-how. With a workforce of greater than 14,000, G+D has 123 subsidiaries and joint ventures in 40 international locations. The agency counts greater than 700 industrial banks all over the world and 145 central banks amongst its companions. Based in 1852, the corporate generated a turnover of three billion euros in fiscal yr 2023.
Based in 2000 and headquartered in Fairfax, Virginia, Daon made its Finovate debut at FinovateFall 2016 in New York. Within the near-decade since then, the corporate has secured greater than two billion identities. Daon conducts greater than 250 million every day authentications and serves a whole lot of thousands and thousands of customers on six continents.
Daon’s partnership information with Giesecke+Devrient comes weeks after the corporate introduced that it was working with monetary providers digital transformation options supplier Digital.FI. Collectively, the 2 corporations will present small- and medium-sized monetary establishments with enterprise-level identification continuity, enabling them to supply safe, frictionless member experiences throughout each channel.
Additionally this spring, Daon reported that it had entered a strategic partnership with conversational intelligence for buyer expertise (CX) innovator CallMiner. The collaboration will mix superior identification verification with AI-powered dialog analytics to assist streamline the identification course of for name facilities whereas offering energetic fraud prevention by way of real-time voice evaluation and biometric identifiers.
Photograph by Andreas Leindecker
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