Daon and Capitec to develop biometric banking solutions
04 October 2018 16:05 GMT

Biometric identity tech firm Daon has announced that it has signed a multi-year agreement with Capitec Bank of Stellenbosch South Africa. Together the two organizations will collaborate on innovative solutions for the bank’s clients across a range of engagement channels, using Daon’s expertise and leveraging the human authentication capabilities of the IdentityX platform.

Initially, the IdentityX platform will enable clients to digitally onboard so they may perform everyday banking transactions by using their own biometric characteristics.

“Daon is excited to partner with Capitec to deliver digital onboarding and authentication to its clients,” said Tom Grissen, CEO, Daon. “We share in Capitec’s mission for simplicity and client empowerment through convenient and secure choices for mobile banking.” 

Daon’s IdentityX was selected by Capitec due to its rich functionality and expansion capabilities, providing a solid foundation for current and future innovations. With more than 10 million clients, Capitec strives for improving clients’ financial lives by saving time and money through advanced functionality, coupled with enhanced security and convenience to clients throughout the digital identity lifecycle.

“Capitec remains committed to providing an all-inclusive banking solution and harnessing the power of technology to make interactions easier and simpler,” said Wim de Bruyn, Executive Information Technology at Capitec. “We are eager to work with Daon to bring new and innovative solutions to our clients so we can continue to keep their banking experience affordable and secure.”