EyeVerify and Daon partner on financial services project
26 June 2017 16:09 GMT

Biometric firms EyeVerify and Daon have announced a new partnership that sees the former's Eyeprint ID technology integrated into Daon’s IdentityX authentication platform.

Daon said this was the first time it has used such eyeprint tech.

“Collaboration with leading providers of best-of-breed authentication technologies as part of our IdentityX authentication platform is a win-win. Our partners win through fast access to our large global customer base, our customers win by having rapid access to innovative technologies and we win as the IdentityX platform grows as a thriving and innovative ecosystem,” said Tom Grissen, CEO at Daon. “Our partnership with EyeVerify and the incorporation of Eyeprint ID offer real advantages to our customers by adding another proven and successful modality for our current and future customers.”

The companies noted that consumers, many of whom are using fingerprint ID in smartphones, are increasingly interested in biometrics technology — and eye recognition in particular — for sensitive applications because of the ease of use and security.

According to a May 2017 blind study by EyeVerify, people who use biometrics want more biometric options from their banking and payment services providers on their mobile devices. People that use fingerprint authentication once a day, or more, are more than twice as likely to demand other biometric options, and they see eye biometrics as a secure option.

“Daon has a long history of meeting the multi-modal authentication needs for companies and their customers across the world,” said Paige Bailey, vice president of Financial Solutions at EyeVerify. “We are thrilled that financial institutions will be able to choose our patented eye biometric technology within the IdentityX platform.”