San Jose (USA), Sept 8, 2017— G+D Mobile Security, a global leader in identity management security solutions, and Danal, Inc., a global leader in mobile identity, authentication, fraud prevention and compliance solutions, will showcase their secure remote identity solutions during Mobile World Congress Americas and the associated Mobile Identity Summit in San Francisco next week.
Many companies in the banking, gaming and insurance market sectors require a live person to perform the regulatory compliant KYC (Know Your Customer) or AML (Anti-Money Laundering) check. As these industries increase online customer engagement, there is a growing demand to address this requirement via video conferencing, using strong identity verification and document checks with an option for a live agent.
Either by video conference or mobile data capture, Danal and G+D Mobile Security achieve strong mobile authentication by matching captured personal data attributes, the subscriber information on file with the mobile operators, and ID documents. After evaluating the captured ID against both biometric and forensic validation points, the online verification is complemented by multiple data sources, such as GSMA’s Mobile Connect. This combined process is as strong, if not stronger, than in-person checks.
These solutions significantly lower both the costs and time taken to perform KYC and are compliant with new AML and CFT (Counter Financing of Terrorism) directives, while at the same time significantly improving the overall KYC experience for the user. The G+D Mobile Security and Danal secure remote identity solution allows companies to comply with security and privacy requirements, including GDPR (General Data Protection Regulation), PSD2 (revised Payment Service Directive), and CIP (Customer Identification Program).
Danal’s Mobile Identity platform enables a range of solutions to strengthen authentication, reduce fraud, drive conversions and increase compliance. G+D Mobile Security brings a wealth of expertise in credential management across a variety of industries that must comply with identity verification regulations. G+D’s secure remote identification service coupled with Danal’s Mobile ID solution, present a very strong remote KYC and AML compliant offer for online regulated industries globally.
Danal and G+D Mobile Security will be showcasing these identity solutions at the upcoming Mobile Identity Summit on Sep 11th in San Francisco (https://www.summit.danalinc.
About G+D Mobile Security
G+D Mobile Security is a global mobile security technology company headquartered in Munich, Germany. The company is part of the Giesecke+Devrient group. G+D Mobile Security has a workforce of 5,800 employees and generated sales of approximately EUR 860m in the 2016 fiscal year. More than 50 sales and partner offices as well as 20+ certified production and personalization sites and data centers ensure customer proximity worldwide.
G+D Mobile Security manages and secures billions of digital identities throughout their entire life cycle. Our products and solutions are used by commercial banks, mobile network operators, car and mobile device manufacturers, business enterprises, transit authorities and health insurances and their customers every day to secure payment, communication and device-to-device interaction. For more information, please visit: www.gi-de.com/mobile-security
Danal, Inc. is the premier provider of mobile identity and authentication solutions driven by unique real-time connections to mobile operator networks and data. Danal’s Mobile Identity platform offers financial institutions and major retailers groundbreaking mobile transaction risk management services, compliance services such as TCPA and KYC, and streamlined, customer conversion solutions that lower customer abandon rates during registration and checkout. Danal, Inc. is a privately held US company whose investors include Discover Financial Services, Morgenthaler Group and majority shareholder Danal Co, Ltd., a publicly traded company (KOSDAQ) based in South Korea with offices worldwide. More information visit: www.danalinc.com.
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