Digital id firm Daon has solid a strategic partnership with safety expertise agency Giesecke+Devrient (G+D).
The partnership will mix Daon’s id verification and biometric authentication expertise with Giesecke+Devrient’s digital safety product suite.
Based in 2000, Daon made its Finovate debut at FinovateFall 2016 in New York.
Digital id specialist Daon and safety expertise firm Giesecke+Devrient introduced a strategic partnership this week. The settlement will mix G+D’s choices with Daon’s id 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 shoppers.
“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 latest scalable, safe id verification and biometric options to tens of millions of customers throughout a variety of industries and use circumstances.”
The partnership between Giesecke+Devrient and Daon will present corporations—together with these in monetary providers and in service provider ecosystems—with id continuity all through the complete buyer journey, from onboarding to restoration. Along with providing fraud prevention instruments like biometric watchlists and applied sciences akin to deepfake detection, the partnership can even allow corporations to supply superior verification and eSIM capabilities to cell operators. Matching Daon’s TrustX platform with G+D’s eSIM administration platform will give cell community operators (MNOs) a single answer for securing eSIM issuance and portability.
“Safety has at all times been on the core of G+D’s mission. By combining Daon’s management in digital id belief with G+D’s experience in safe digital transactions, this international partnership delivers extra than simply safety—it permits seamless id continuity throughout all buyer touchpoints,” Giesecke+Devrient CDO Gabriel von Mitschke-Collande stated. “Our layered method gives a number of alternatives to detect and stop fraud, whereas making certain full compliance with regulatory and accessibility requirements. Collectively, we’re setting a brand new benchmark for each safety and consumer expertise in digital id.”
Munich, Germany-based Giesecke+Devrient provides options for digital safety, monetary platforms, and foreign money expertise. An innovator within the card and digital funds trade, G+D orchestrates actual world cost and banking experiences with human-centered safety expertise. 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 world wide and 145 central banks amongst its companions. Based in 1852, the corporate generated a turnover of three billion euros in fiscal 12 months 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 each day authentications and serves tons of of tens of millions 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 id continuity, enabling them to offer 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 id verification with AI-powered dialog analytics to assist streamline the identification course of for name facilities whereas offering lively fraud prevention by way of real-time voice evaluation and biometric identifiers.
Picture by Andreas Leindecker
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