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Fintech News that focuses in on Security

Daon and CTMS form digital onboarding partnership

Source: Daon

Daon, a global leader in biometric identity technology, and CTMS, a digital onboarding and anti-fraud specialist, announced today a partnership agreement in France and other French-speaking countries.

The partnership enables CTMS to deliver KYC and onboarding solutions to financial institutions and other industries in France with the added security and convenience of Daon’s industry-leading biometric and biometric liveness technologies.

“As Daon’s integrated platform for biometric-based digital onboarding and authentication IdentityX® continues to expand internationally and across various business sectors, we are excited to partner with CTMS and share in its mission of bringing security and fraud prevention to financial institutions and other industry players in France and on the global stage," said Tom Grissen, CEO, Daon.

Daon has just launched a landmark new release of its biometric-based digital onboarding product with added features including smart fraud detection with anti-spoofing and biometric watchlists that monitor duplicate identities and multiple attempts at account openings. The latest release now integrates seamlessly with third-party identity proofing tools and runs on both mobile and web.

For more than 20 years, CTMS has been a recognized leader in the fight against documentary and identity fraud, providing a large array of KYC and onboarding solutions for banks and financial institutions, police, administrations, social agencies and businesses in France, Africa and abroad.

“With the extraordinary increase in digitalization, CTMS must meet the security needs of financial institutions and all the other industries facing identity and documentary fraud. Biometrics is one of those answers," said Christophe Dolbeau, CEO, CTMS. "It concretely helps the fight against fraud, allows us to provide an even higher degree of security to our customers while facilitating the journey of users. Our partnership with Daon enriches our offering with the best of biometric technologies, complementing our leading anti-fraud position." 

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