DIGI-SIGN AND DAON IMPLEMENT FIDO BIOMETRIC SOLUTION FOR MAJOR BANK IN HONG KONG

Digi-Sign Certification Services Limited (Digi-Sign), a wholly-owned subsidiary of Tradelink, together with Daon, an innovator of authentication and identity assurance solutions worldwide, announced today that they have successfully implemented a FIDO biometric solution for one of the largest banks in Hong Kong. The solution replaces the need for creating and remembering passwords, thus establishing a convenient yet secure user experience for the bank’s mobile banking customers. The bank confirmed that since the successful deployment in December of 2016, customer adoption has been rapid and has exceeded expectations.

“Daon’s partnership with Digi-Sign demonstrates our continued commitment to deliver the most advanced authentication technology to the banking industry,” said Tom Grissen, CEO, Daon. “We are proud to work with smart partners like Digi-Sign who have a deep expertise in security and a strong understanding of the market.”

Due to the positive customer adoption and satisfaction, the use cases and user groups are being expanded to support a broader range of access and transaction approvals within the bank’s digital channels.

The Fast IDentity Online (FIDO) standards-based solution supports the FIDO Universal Authentication Framework (UAF) protocol.  Representatives from Digi-Sign and Daon consulted the local regulatory authority to ensure the authentication solution met the regulatory requirements.

Building on the success of this major bank deployment, the Digi-Sign and Daon partnership has been selected to implement similar biometric FIDO solutions for multiple financial institutions in the region.

"We offer banks and their customers a more comprehensive solution that ensures security of mobile transactions,” said Andrew Cheng, CEO, Digi-Sign. “Our solution is scalable and able to fully accommodate the needs of banks in terms of extending the applications of biometric authentications to other areas, such as transactions scope (e.g. online account management, fund transfers and payments), channels (online or mobile banking) and customer segments (corporate or personal).”

Cheng added, “Thanks to our partnership with Daon, banks can also choose multi-modal biometrics solutions including facial recognition, voiceprint and fingerprint. There’s no doubt the banking industry is undergoing a massive transformation as a result of the rapid development of FinTech. Currently, our team is proactively exploring new opportunities with banks for future collaboration.”

ABOUT TRADELINK

Established in 1988, Tradelink Electronic Commerce Limited (www.tradelink.com.hk) is a leading provider of e-commerce services for the Hong Kong business community. Since 1997, Tradelink has been providing Government Electronic Trading Services (GETS) for the trading community, initially under a 7-year exclusive franchise (1997-2003) and currently under a license until 2018. The government also has confirmed award of a new 6-year GETS license (2019-2024) to Tradelink, extendable up to three years at the Government's discretion. Over the years, Tradelink has earned the trust and support of the trading community; enabling it to stand firmly as the dominant player in the e-commerce market. With the mission to empower its clients with business enabled e-solutions for their commercial and financial activities, Tradelink has diversified its business beyond GETS into other business areas. In addition to GETS, Tradelink also offers a wide range of Business-to-Business services, digital certification services and online/mobile security solutions for identity management and payment through its subsidiaries Digital Trade and Transportation Network Limited, Digi-Sign Certification Services Limited and Tradelink E-Biz Secure Solutions Limited.

Tradelink was listed on the Main Board of the Stock Exchange of Hong Kong Limited (Stock Code: 0536) on 28 October 2005.

ABOUT DIGI-SIGN

Digi-Sign Certification Services Limited (www.dg-sign.com), the first and only commercial organization granted status as a Recognized Certification Authority, issues a wide range of digital certificates for the purpose of supporting digital signatures. It also specializes in the development and provision of online/mobile security services and solutions supporting identity management (IDM) for mitigating identity fraud and as effective mechanisms to address personal identity-related regulatory requirements on financial activities.

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, 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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Iris Tsang
Tradelink Electronic Commerce Limited
ir@tradelink.com.hk
(852) 2161 4370
(852) 2506 0188

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