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.
 
IdentityX empowers individuals to securely establish their identity by capturing and fusing together a combination of authentication factors--- biometrics (fingerprint/voice/face etc.), hardware token possession (their mobile device), encryption, PIN entry, and location-based technology. Multi-factor fusion provides the greatest authentication fidelity available. The required combination of authentication methods is flexible and driven by risk-based policies determined by the credit union. IdentityX® helps to address the challenges arising from current authentication methods that are largely outdated, non-secure, and/or inconvenient to the user. Now instead of having to remember complicated usernames and passwords, credit union members can just take a selfie, speak a passphrase, or use their fingerprint.
 
"Daon has taken the financial services sector by storm," said Randy Salser, President of NAFCU Services. "This Innovation Award is yet another example of why the leading minds in banking, payments, and data security are choosing to partner with Daon."
 
“We are delighted and humbled to be a NAFCU Services 2016 Innovation Award Winner,” said Tom Grissen, Chief Executive Officer of Daon. “NAFCU Services has been a great partner and we look forward to continuing to bring credit union members a faster, more convenient, and secure way to authenticate.”
 
Daon was honored by Dan Berger, NAFCU President and CEO, during the general session at NAFCU’s Annual Conference and Solutions Expo. For more information on the Innovation Awards, visit www.nafcu.org/innovationawards.