Source: Union Banjk of the Philippines
Union Bank of the Philippines has launched the New EON, a digital banking platform, that uses Daon’s IdentityX® Platform and its capabilities for mobile biometric authentication in order to improve security and the customer experience.
IdentityX enables EON customers to log in to the EON mobile app using biometrics.
“We chose to partner with Daon after extensive research in this space because they demonstrated a deep knowledge of biometrics. Daon is a global leader in large-scale authentication deployments with many live production systems in the financial services sector,” said Paolo Baltao, EON’s Head Advocate. “EON is about harnessing technology to make banking delightful. With Daon’s IdentityX Platform, EON introduced the first ever Selfie Banking in the Philippines!”
Working with Daon, EON employed a layered approach to security, including device cryptography and biometric verification to lock down their mobile channel and secure high risk transactions. Initially, EON has deployed fingerprint and face authentication with plans to enable additional biometrics, such as voice recognition, in subsequent rollout phases.
“Daon thoroughly enjoys working with new and innovative brands in the financial services sector and that is exactly what EON represents with this deployment by Union Bank of the Philippines,” said Tom Grissen, chief executive officer at Daon. “As banks embark on their digital transformation journey they need strong authentication that doesn’t sacrifice the user experience and that is exactly what biometrics provide, a convenient, easy and secure alternative to passwords.”
Contributed | what does this mean?