Kony to launch digital banking solution leveraging Daon biometrics
Enterprise application and mobility solutions company Kony unveiled a new digital banking platform and suite of apps, reports Julie Muhn at Finovate (Banking Technology’s sister company).
The suite will be released in the Spring of 2018 and will include digital banking apps for retail banking, business banking, loans, new account onboarding, and digital wallets.
In addition to the suite of apps, the company will release its Digital Banking Marketplace that hosts third party partner services to help speed the notoriously-slow app development process.
And thanks to a partnership with Daon, Kony’s Digital Banking Platform will authenticate users with facial, fingerprint, and voice recognition biometrics using Daon’s IdentityX solution. IdentityX uses factors such as device-binding, geolocation, liveness detection, and more to offer a seamless user experience. The flexible solution allows for new technology and biometric methods to be integrated as they become available in the future.
Thomas E. Hogan, chairman and CEO, Kony says: “The new Kony Digital Banking Platform, combined with our growing portfolio of banking applications, and our strategic partnership with Diebold Nixdorf, will enable us to achieve our vision to facilitate banking anytime, anywhere, and through any channel – both physical and digital.”
In August, the company unveiled the Kony AppPlatform V8 that aims to help professional developers meet demand for apps and help organisations simplify the app development and deployment processes.
Founded in 2007, Kony is headquartered in Austin, Texas.
As for Daon, it was recently selected by Visa to power biometrics for the Visa ID Intelligence Platform that will offer a seamless way for consumers to shop, pay, and bank on their mobile device.
Earlier this summer, the company teamed up with EyeVerify to add EyeVerify’s EyeprintID technology to its IdentityX platform. In May, Daon integrated with Experian’s fraud and identity management platform, CrossCore.