Compare Daon IdentityX Platform vs. DetectID

Daon’s IdentityX is a multi-modal, vendor agnostic and future-proof identity services platform that addresses the full customer identity lifecycle. The key to trust in a digital identity is a unified, user-centric view of identity creation, use, and management. The IdentityX Platform provides the following core functions:

-Identity Establishment through account origination and digital onboarding
-Omni-Channel Multi-Factor Authentication via mobile, web, and call center authentication
-Identity Recovery and other device and account lifecycle management functions

Banking customers increasingly prefer to use their mobile devices to manage their accounts, which is driving the need for banks to push digital transformation across all channels. However, the growth of online and mobile banking has also prompted a rise in cyberattacks, eroding consumer trust and elevating the risk of fraud. Legacy solutions haven't been able to keep up: passwords aren't sufficiently secure, SMS is a highly vulnerable communications channel, and tokens are too expensive and inconvenient to distribute. Transition to modern authentication that strikes a balance between a higher level of security and a frictionless user experience. DetectID lets customers use their mobile phones to safeguard all interactions on any banking channel.