Tom Grissen, CEO, Daon

Virginia-based biometrics and identity assurance software company Daon, and France based CTMS, a digital onboarding and anti-fraud specialist have entered in a partnership agreement in France and other French-speaking countries. This partnership is expected to enable CTMS to leverage and deliver Daon’s biometric technologies in the space of KYC and onboarding solutions to financial institutions and other industries in France.

Tom Grissen, CEO, Daon commented on the partnership “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.”

Daon has recently launched new 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 of its new product can now be leveraged with CTMS’s documentary and Identity fraud management solutions.

Christophe Dolbeau, CEO, CTMS commented, “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, our partnership with Daon enriches our offering with the best of biometric technologies, complementing our leading anti-fraud position.”

CTMS has been providing document and Identity fraud solutions to banks and Financial Institutions, their diverse clientele also includes administrations, social agencies and businesses in France, Africa and abroad.

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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