Daon’s IdentityX Platform Wins “Next Big Idea” Contest

Orlando, FL – IdentityX, the provider of a mobile biometric authentication platform, won NACUSO’s Next Big Idea competition during the association’s annual meeting here.

The Fairfax, Va.-based company was selected by audience vote after it and four other companies made presentations and took questions from judges, who included Daymond John of ABC’s Shark Tank.

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From left, Daymond John of Shark Tank with Conor White and Mike Groat of IdentityX, which won NACUSO’s Next Big Idea competition.

Identity X, from Daon, describes its solution as a platform that helps to solve the dilemma of doing a transaction at anytime, anywhere, while maintaining high levels of service without comprising the customer intimacy that are the hallmarks of credit unions.”

The solution uses a video of the user’s face and voice over a mobile device to authenticate the user. No password or user name is required. It is currently used by more than 180,000 USAA members to access their accounts.

Daon also won the Best of Show award from the CUNA Technology Council earlier this year at CUNA’s GAC.

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.

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