Daon Wins a 2016 Innovation Award from NAFCU Services

Nashville, TN — Daon, a global leader in mobile biometric authentication technology, announced today that it won a 2016 NAFCU Services Innovation Award. The Innovation Awards is the credit union industry’s most recognized awards competition for groundbreaking solutions. The annual competition highlights outstanding innovations that help credit unions thrive in an increasingly saturated financial services market. Daon was selected for its IdentityX® Platform that benefits the credit union industry.

IdentityX empowers individuals to securely establish their identity by capturing and fusing together a combination of authentication factors— biometrics (fingerprint/voice/face etc.), hardware token possession (their mobile device), encryption, PIN entry, and location-based technology. Multi-factor fusion provides the greatest authentication fidelity available. The required combination of authentication methods is flexible and driven by risk-based policies determined by the credit union. IdentityX® helps to address the challenges arising from current authentication methods that are largely outdated, non-secure, and/or inconvenient to the user. Now instead of having to remember complicated usernames and passwords, credit union members can just take a selfie, speak a passphrase, or use their fingerprint.

“Daon has taken the financial services sector by storm,” said Randy Salser, President of NAFCU Services. “This Innovation Award is yet another example of why the leading minds in banking, payments, and data security are choosing to partner with Daon.”

“We are delighted and humbled to be a NAFCU Services 2016 Innovation Award Winner,” said Tom Grissen, Chief Executive Officer of Daon. “NAFCU Services has been a great partner and we look forward to continuing to bring credit union members a faster, more convenient, and secure way to authenticate.”

Daon was honored by Dan Berger, NAFCU President and CEO, during the general session at NAFCU’s Annual Conference and Solutions Expo. For more information on the Innovation Awards, visit www.nafcu.org/innovationawards.

About the NAFCU Services Innovation Awards

The Innovation Awards platform provides credit unions with a set of vetted and tested solutions that can improve bottom line, enhance member engagement, and establish competitive advantage.  An Innovation Award is the highest distinction offered through the NAFCU Services Preferred Partner program. For over 40 years, NAFCU Services has been dedicated to finding, examining, and promoting the credit union industry’s very best solutions.  For more information about NAFCU Services Corporation, visit www.nafcu.org/nafcuservices.

NAFCU Innovation Award 2016 e1466099959169 768x806

From Left: Mike Groat, VP of Partners & Alliances at Daon, Conor White, President of the Americas at Daon, Dan Berger, President and CEO at NAFCU, and Randy Salser, President of NAFCU Services

About Daon

Daon, www.daon.com, is an innovator in developing and deploying biometric authentication and identity assurance solutions worldwide. Daon has pioneered methods for securely and conveniently combining biometric and identity capabilities in multiple channels with large-scale deployments that span payments verification, digital banking, and securing borders and critical infrastructure.  Daon’s solutions provide our customers with choice, making it easier and safer for people to conduct business online, travel, vote, and so much more. Daon’s IdentityX® Platform for mobile biometric authentication removes friction from the authentication process while dramatically reducing fraud to previously unattainable levels. IdentityX allows businesses to conduct transactions with any consumer at any time with total confidence.  Get to know us on Twitter, Facebook and LinkedIn.

###

Media and Analyst Contacts

Travis Wachter
Director of Marketing Communications
+1 (703) 984-4016
travis.wachter@daon.com

NAFCU Contact
Paul Timm
Vice President, Marketing
703-842-2210
ptimm@nafcu.org