The FIDO-compliant biometric authentication solution was first deployed to DSB last year for secure account login. Now, according to the announcement, DSB’s personal and business mobile banking customers can also authorize transactions and increase their online transaction limit using fingerprint and facial recognition.
Daon, a company developing and deploying biometric authentication and identity assurance solutions worldwide has created the DSB solutions. Their “IdentityX” platform removes friction from the authentication process while providing the highest level of security with inherent multi-factor authentication. Integrate IdentityX. Another company involved in the DSB system development is Tradelink, which also works with banks on security issues.
|Dah Sing Bank’s biometric authentication system|
Tom Grissen, CEO of Daon said, “We are pleased to partner with Tradelink to provide our FIDO certified biometric authentication platform IdentityX that enables compliance with stringent regulatory requirements particularly applying strong customer authentication for transactions authorization. Our advanced technology together with Tradelink’s profound domain knowledge and thorough understanding on the needs of the local banks form an unbeatable synergy in providing biometric authentication solutions to the banking industry in Hong Kong.”
The other partner in the DSB system is Tradelink, which was incorporated in 1988 by eleven renowned corporations with a common vision of promoting the widespread use of e-Commerce for trade facilitation in Hong Kong.
In 2013, Tradelink set up a wholly-owned subsidiary, Tradelink E-Biz Secure Solutions Limited (TESS), which specializes in the development and provision of online / mobile secure payment solutions that support credit card and e-wallet based transactions and together with a wide range of value-adding applications that facilitate business operations of merchants.
|Daon’s Identity X mobile authentication system – Image courtesy of Daon|
Andrew Cheng, the CTO of Tradelink said, “We are delighted to continue our partnership with DSB. The extension of cooperation provides DSB’s customers with convenient banking experience, thus demonstrates the strong capability of Tradelink in providing professional biometric authentication solutions and quality services. We have confidence and are prepared to extend our solutions to other industries such as insurance and security trading.”