Nations Trust Bank Launches Digital Apps Using Biometric Authentication Powered by Daon’s IdentityX®

Platform Enables Consumers Greater Convenience and Security through Biometrics

Nations Trust Bank of Sri Lanka and Daon together announced today that Nations Trust Bank launched the Mobile Banking app and FriMi, its new mobile banking, payments & lifestyle app, using Daon’s IdentityX platform capabilities for biometric authentication.

“In keeping with our commitment to providing progressive and convenient financial services, we chose to partner with Daon to provide our customers with the best user experience possible, while deploying a secure and scalable solution,” said Thilak Piyadigama, COO, Nations Trust Bank. “Users have responded favorably to our apps and their capabilities. We are happy to report that adoption rates are ahead of expectations.”

Nations Trust Bank utilizes Daon’s IdentityX soft token, finger, face and voice authentication. Multiple digital applications from the bank were enabled in parallel during implementation and launched in quick succession. IdentityX powers all of the customer authentication process flows including registration, set up of authentication methods, ongoing customer login and step-up authentication. Nations Trust Bank plans to enable biometrics across various sections of the bank, with multiple use cases.

“We are pleased to be working with Nations Trust Bank and provide world-class biometric solutions for its Mobile Banking and FriMi apps,” said Tom Grissen, CEO, Daon. “IdentityX has the ability to seamlessly surface more authentication capabilities as they mature and support the needs of Nations Trust Bank as they continue to expand its digital platform.”

FriMi is a revolutionary, fully-fledged digital bank, payments platform and lifestyle partner powered by Nations Trust Bank. Sign up is 100% online, instant and open to anyone with a smartphone, a first for Sri Lanka. All FriMi accounts earn interest at rates of up to 7% p.a. and can be topped up by cash deposits at all Nations Trust Bank Branches, CDMs and FriMi Agents or electronically via linked cards and accounts or direct digital fund transfers from any bank, including foreign remittances, and also by requesting and or receiving money from other FriMi users. It allows users to pay merchants and send & receive money while enjoying the best offers and discounts, all through one simple app. Paying merchants with FriMi is simpler than ever with contactless payments and QR codes and it can be used to pay anyone for anything, even if they do not use FriMi. The app is available on both Android and iOS and is completely free to use with no hidden fees or charges. Visit your app store or www.frimi.lk to download the app.

Nations Mobile Banking is a trendy, user-friendly app that lets users check account balances, transfer funds to any account at any bank (including third party accounts), pay utility bills using their bank accounts or credit cards, apply for loans and leases and check outstanding balances on loans, leases and credit cards. Registration can be completed 100% online and the app features built in biometric authentication features and is the only one in Sri Lanka to provide full trilingual support. The app is available for download on both Android and iOS.

ABOUT NATIONS TRUST BANK

Nations Trust Bank PLC is amongst the top 30 business establishments in Sri Lanka, ranked by Business Today Magazine and is the benchmark for customer convenience, ably providing a host of financial products and services to a wide range of customers. Nations Trust Bank operates 93 branches across the country, boasting an ATM network covering 137 locations and is the issuer and sole acquirer for American Express® Cards in Sri Lanka.

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, insurance, 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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Madara Kumarasinghe, Strategic Marketing Manager
0779060505

Dyanne Smith, Marketing Communications
Daon
Dyanne.Smith@daon.com
703-984-4016