SMFG and SMBC Sign Agreement with NTT Data and Daon, Inc. Start Full-fledged Consideration of Individual Identification Platform Using Various Types of Biometrics

Reston, VA - Sumitomo Mitsui Financial Group, Inc. (“SMFG”, President: Koichi Miyata) and Sumitomo Mitsui Banking Corporation (“SMBC”, President and CEO: Takeshi Kunibe) signed an agreement with NTT DATA Corporation (“NTT Data”, President and CEO: Toshio Iwamoto) and Daon Inc. (“Daon”, CEO: Tom Grissen) for the commercialization of services offering individual identification platforms that use several different types of biometrics.

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Nequi Aims to Build a New Way of Accessing Money

First Colombian Financial Institution to Deploy Mobile Biometrics Using Daon’s IdentityX® Platform.

Medellín, Colombia and Reston, VA – Nequi is shaking up the banking sector in Colombia with an innovative platform and offering account access exclusively through a user’s mobile device using the convenience and security of biometric authentication.  Customers will enroll their biometrics immediately upon opening their account as Nequi guides them to a new age of fintech services.  Nequi is using Daon’s IdentityX® Platform for mobile biometric authentication and will be the first financial institution in Colombia to feature biometrics in live production.

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Daon Selected to Demonstrate Its Innovative IdentityX Platform for Mobile Biometric Authentication at FinovateFall 2016

Reston, VA – Daon has been selected to demonstrate its industry-leading IdentityX® Platform at FinovateFall 2016 scheduled for September 8-9, 2016 in New York City. The Finovate series of events showcases the best innovations that impact the banking and financial services industry through short demos and intimate networking sessions. Daon will demo IdentityX on Thursday, September 8th, in Session 1 which runs from 8:45 am – 10:15 am EDT.

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NEON Launches A New Approach to Banking in Brazil No fees, mobile-only, biometrics for authentication instead of passwords

Reston, VA – NEON, an online bank with no monthly or annual fees, will break new ground in the banking sector by promising to help customers better manage their financial lives. The bank launched throughout Brazil on July 11th. Innovative FinTech features mobile device-based facial recognition as a differentiator in an app designed for millennials.

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Daon’s FIDO Quick Start Now Available

Reston, VA – Daon, a global leader in mobile biometric authentication technology, announced today they launched a ‘FIDO Quick Start’ initiative to provide qualifying organizations with access to a hosted IdentityX® FIDO UAF (Universal Authentication Framework) Server at no cost in order to evaluate the suitability of biometric authentication for their needs. Relying Parties will be able to quickly deploy and evaluate FIDO standards-based authentication under the initiative. Daon is a board member of the FIDO (Fast IDentity Online) Alliance and its IdentityX Platform was one of the first products to earn a FIDO® Certified designation.

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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.

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