AION DIGITAL AND DAON ANNOUNCE PARTNERSHIP TO INTRODUCE THE ‘IDENTITYX’ TWO-IN-ONE PLATFORM FOR ALL-DIGITAL CUSTOMER ONBOARDING IN THE GCC REGION

Partnership allows for secure, frictionless digital onboarding that will boost customer acquisition, eliminate fraud, and ensure AML and KYC compliance

MANAMA, BAHRAIN (SEPTEMBER 3, 2019)– Aion Digital, one of the fastest growing FinTech solution providers in the GCC, is pleased to announce its partnership with Daon, a global leader in biometric identity technology.

In the GCC, Aion Digital is already reshaping the customer experience for financial institutions in the region with its “digital bank in a box” approach to augment the digital capabilities of existing banks.  Their digital onboarding platform not only allows customers to open bank account in under 5 minutes, but has also enabled banks to reduce the cost of customer acquisition by 50%. As a result, a new breed of banking leaders are emerging and taking their first steps towards a modern banking system. The platform has been well received by regulators and also marks a significant step for moving towards a single GCC banking market.

Daon’s vision is “to be the world’s leading human identity platform, enabling people across any channel to easily assert and protect their identities.” In July, Daon launched a new release of its IdentityX® Digital Onboarding solution, leveraging two decades of experience in state-of-the-art biometrics and biometric liveness to build the most frictionless and fraud-resistant customer onboarding experience ever conceived. Unlike competing products, Daon’s technology is proven to reduce abandonment and cut operating costs while satisfying even the most stringent AML and KYC compliance mandates.

“Digital transformation is a complex, multifaceted journey, and onboarding is the center of that transformation. Our partnership with Daon will allow banks to enhance their first interactions with customers and create opportunities for existing customers to begin using new services,” said Ashar Nazim, CEO, Aion Digital. “With Daon’s seamless ‘two-in-one’ platform for digital onboarding and authentication, banks can embed market-leading features, reduce abandonment, cut operating costs, and position themselves as innovators”.  Given that not all biometric technology are the same, the partnership between Aion and Daon significantly enhances banks credibility with regulators and customers.

“We are pleased to partner with a visionary group like Aion to bring world-class biometrics and identity assurance to the GCC region,” said Tom Grissen, CEO, Daon. “Daon and Aion will deliver a joint solution that transforms digital onboarding practices and satisfies even the most highly regulated industries and entities while delighting millions of customers across GCC’s six thriving markets and beyond.”

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ABOUT AION DIGITAL

Aion Digital is fully digital mobile platform that builds secure digital banks in the GCC and enables them to go digital with certainty. Aion works smoothly with legacy core banking systems to deliver a fast, affordable digital launch for banks. Aion was founded with the belief that purpose belongs at the heart of human endeavor. The Fintech platform utilizes disruptive technologies to digitize the banking experience while enabling good. Banks work with Aion Digital to create the best customer experiences and use their newfound agility and greater understanding of customers to go from followers to formidable leaders.

Visit: www.aiondigital.com

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 across multiple channels with large-scale deployments that span payments verification, digital banking, wealth, insurance, telcos, and securing borders and critical infrastructure. Daon's IdentityX® platform provides an inclusive, trusted digital security experience, enabling the creation, authentication and recovery of a user’s identity and allowing businesses to conduct transactions with any consumer through any medium with total confidence. Get to know us on TwitterFacebook and LinkedIn.

Media Relations 

Fatema Ebrahim - CEO
Andra Public Relations
Fatema@andrapr.com
+97339740002

Alexandra Lazslo - Account & Client Manager
Andra Public Relations
Alex@andrapr.com
+97339740002


Daon Media and Analyst Contacts

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