Philippines and Reston, VA, March 22, 2017 – Union Bank of the Philippines has launched the New EON, a digital banking platform, that uses Daon’s IdentityX® Platform and its capabilities for mobile biometric authentication in order to improve security and the customer experience. IdentityX enables EON customers to log in to the EON mobile app using biometrics.
“We chose to partner with Daon after extensive research in this space because they demonstrated a deep knowledge of biometrics. Daon is a global leader in large-scale authentication deployments with many live production systems in the financial services sector,” said Paolo Baltao, EON’s Head Advocate. “EON is about harnessing technology to make banking delightful. With Daon’s IdentityX Platform, EON introduced the first ever Selfie Banking in the Philippines!”
Working with Daon, EON employed a layered approach to security, including device cryptography and biometric verification to lock down their mobile channel and secure high risk transactions. Initially, EON has deployed fingerprint and face authentication with plans to enable additional biometrics, such as voice recognition, in subsequent rollout phases.
“Daon thoroughly enjoys working with new and innovative brands in the financial services sector and that is exactly what EON represents with this deployment by Union Bank of the Philippines,” said Tom Grissen, chief executive officer at Daon. “As banks embark on their digital transformation journey they need strong authentication that doesn’t sacrifice the user experience and that is exactly what biometrics provide, a convenient, easy and secure alternative to passwords.”
About Union Bank of the Philippines
Union Bank of the Philippines is a publicly-listed universal bank that distinguishes itself through superior technology, unique branch sales and service culture, and centralized backroom operations. It provides a wide range of retail, commercial, and corporate banking products and services, including loan and deposit products, cash management services, trust banking services, consumer finance, treasury and electronic banking. UnionBank has consistently been recognized as one of Asia’s leading companies in banking and finance, ranking among the country’s top 10 universal banks in terms of key performance ratios in profitability, liquidity, solvency and efficiency. UnionBank has recently been recognized as the “Commercial Bank of the Year” and “Best Innovation in Retail Banking” for 2016 by the International Banker.
Heralding the start of the new millennium and together with the internet boom, EON was first launched to make buying stuff online easy. But since then, EON users discovered a bunch of ways to use their EON in their digital life. EON is, for the most part, not what it is by design but it is what it is because of its community, its users, who co-created the New EON for the Digital ME. EON and technology go hand in hand to provide an experience that simply feels at home – even enjoyable – to the Digital MEs. Visit www.eonbankph.com, facebook.com/eonbankph, or tweet@eonbankph.
Daon, www.daon.com, is an innovator in developing and deploying biometric authentication and identity assurance solutions worldwide. Daon has pioneered methods for securely and conveniently combining biometric and identity capabilities in multiple channels with large-scale deployments that span payments verification, digital banking, and securing borders and critical infrastructure. Daon’s solutions provide our customers with choice, making it easier and safer for people to conduct business online, travel, vote, and so much more. Daon’s IdentityX® Platform for mobile biometric authentication removes friction from the authentication process while dramatically reducing fraud to previously unattainable levels. IdentityX allows businesses to conduct transactions with any consumer at any time with total confidence. Get to know us onTwitter, Facebook and LinkedIn.