Dah Sing Bank rolls out mobile biometric authentication system

Source: Tradelink

Tradelink and Daon announced today the deployment of a fingerprint and facial authentication solution for Dah Sing Bank (DSB), a leading financial services group in Hong Kong and one of Tradelink’s repeat bank customers.

This is one of the many mobile biometric authentication solutions Tradelink and Daon have developed for financial institutions since launching its first solution for a major bank in Hong Kong in 2016.

The solution deployed for DSB was created in collaboration with Daon, an innovator in developing and deploying biometric authentication and identity assurance solutions worldwide. Instead of having to remember a password, the solution provides an alternative means for DSB’s customers to access their banking services using fingerprint or facial recognition. This solution, ultimately, provides a more convenient, yet secure user experience for DSB’s customers. Daon's IdentityX® platform offers FIDO (Fast IDentity Online) capabilities that support different biological attributes for authentication to also include voice, behavioral and palm, as well as digital onboarding capabilities.

“We are pleased to partner with Tradelink on this innovative initiative for Dah Sing Bank,” said Tom Grissen, CEO, Daon. “Our partnership with Tradelink continues to make a significant impact in the financial and banking industry throughout Hong Kong. Daon’s technology provides a trusted digital security experience for all of our customers. We look forward to continuing our collaboration with Tradelink as the demand for more secure and convenient authentication increases among mobile banking customers.”

“With more than ten years of solid experience in providing security solutions for the banking industry, Tradelink has developed sound domain knowledge and a strong understanding of the market,” said Andrew Cheng, CTO, Tradelink. “We’re glad to have implemented a mobile biometric authentication solution with Dah Sing Bank. We are now working closely with Dah Sing Bank to apply the application to other areas, such as high risk transaction and securities trading.”

Tradelink plans to extend its business outreach to security firms where there is also a high demand for biometric authentication solutions to comply with the local regulatory authority’s requirements. Cheng added, “We are confident that we will gather more use cases and success stories to share in the near future.” 

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