Daon, Inc. Explained

Daon, Inc.
Type:Private
Founded:2000 in Dublin, Ireland[1]
Location City:Fairfax, Virginia
Location Country:U.S.
Industry:Software & Biometrics

Daon (pronounced "day-on") is a biometrics and identity assurance software company founded in 2000 by Irish entrepreneur Dermot Desmond. The company's name, according to Daon, derives from an "Old Irish word for human."[1] Daon’s U.S. headquarters are in Fairfax, Virginia, with additional operations in the International Financial Services Center (IFSC) in Dublin, Ireland.[2] The company also has regional and sales offices in Serbia and Australia.

Daon provides several products in identity verification and biometric software, including IdentityX, VeriFLY, and DaonEngine. VeriFLY, for instance, has been used as a COVID-19 health credential application, facilitating safe travel and other secure transactions.[3]

History

Founded in 2000,[4] Daon initially operated out of Dublin, Ireland.[5] [6]

In 2006, former United States Secretary of Homeland Security Tom Ridge joined the company’s board.[7] That same year, Daon partnered with the American Association of Airport Executives (AAAE) to establish the Security Biometric Clearing Network (SBCN), a joint venture aimed at providing biometric identity management services, including enrollment, background checks, secure information storage, and card issuance.[8]

In August 2008, Daon acquired software assets and staff from Enterprise Air, a New York-based company specializing in physical security solutions.[9]

By 2015, Daon counted Atom Bank in the UK among its clients.[10] In 2017, Daon’s IdentityX platform was adopted by financial institutions like Visa, Mastercard, USAA, and BNP Paribas to enhance digital banking security.[11] In July 2019, Daon launched an upgraded version of IdentityX, Digital Onboarding 2.0.[12]

In response to the COVID-19 pandemic, Daon introduced the VeriFLY app to facilitate health credential verification for travelers. By 2022, VeriFLY was being used by Carnival Cruise Lines and American Airlines to "streamline" health documentation and vaccination verification processes.[13] [14]

Daon is reportedly majority-owned by a Cayman Islands-based entity.[15] The company reported after-tax profits of approximately €220,000 in 2023.[16]

Products

Daon's products include IdentityX, a biometric mobile authentication platform, along with DaonEngine, DaonEnroll, DaonAnalytics, and Credential Connect. The company serves various markets, including mobile authentication, border management, civil ID, traveler ID, employee credentialing, and access control. Their software is used at numerous airports and international borders[17] and supports U.S. Registered Traveler airports.[18]

The company's IdentityX platform is designed to authenticate users on mobile devices using biometrics rather than passwords. IdentityX incorporates multiple methods, including facial recognition, voice recognition, and fingerprint scanning, to verify a user's identity. As of 2015, IdentityX was one of several products certified by the FIDO Alliance.[19] Also in 2015, IdentityX won NACUSO's "Next Big Idea" competition[20] and received a "Best in Show" award from the CUNA Technology Council.[21]

External links

Notes and References

  1. Web site: What is Daon? . daon.com . 13 September 2024 .
  2. Web site: Dermot Desmond's Daon to supply kiosks at Dublin Airport . Irish Times . 3 November 2015 . 13 September 2024 .
  3. Web site: Desmond's Daon rolling out Covid app . Irish Independent . 25 April 2021 . 13 September 2024 .
  4. Web site: Bush aide joins board of Irish biometric firm . Irish Independent . 29 April 2006 . 13 September 2024 . the Irish company [...] was founded in 2000.
  5. Web site: Desmond's Daon gets US army contract . Irish Independent . 20 March 2011 . 13 September 2024 . The company, which is headquartered in Dublin, is one of the world leaders in biometric scanning technology .
  6. Web site: Daon to take on Japanese market . Irish Examiner . 19 November 2004 . 13 September 2024 . Dublin-based Daon [...] .
  7. Web site: Trade Group Confirms Deal With Tiny Firm for ID Cards . New York Times . 13 September 2024 . 28 April 2006 .
  8. Web site: November 12, 2007 . Traveler Biometrics Is Here . 2024-04-07 . Security Today . en-US.
  9. 2008-08-21. Daon Acquires Physical Security Interconnect (PSI) Offering from Enterprise Air. Daon Press Release. 2008-10-08. https://web.archive.org/web/20131219023631/http://findbiometrics.com/daon-acquires-physical-security-interconnect-psi-offering-from-enterprise-air/. 2013-12-19.
  10. Web site: Atomic banking deal for Daon . Irish Times . 18 December 2015 . 13 September 2024 .
  11. Web site: Chifuri . Hiromitsu . 2018-10-19 . Ireland and Japan collaborate on biometric innovation . 2024-04-07 . The Japan Times . en-US.
  12. 2019-07-23. Daon Launches Next-Generation Digital Onboarding. 2020-02-06. www.businesswire.com. en.
  13. Web site: American Airlines trials Verifly Covid-19 travel requirements app . 2024-04-07 . Business Traveller . en-GB.
  14. Web site: Gaffey . Mike . 2022-03-08 . Carnival to use health app to speed up embarkations . 2024-04-07 . Viera Voice . en.
  15. Web site: Dermot Desmond's Daon will know all about us, yet we know nothing of it . Irish Times . 27 October 2017 . 13 September 2024 .
  16. Web site: Dermot Desmond biometrics company Daon sees profits dip . Irish Times . 13 September 2024 . 11 November 2023 .
  17. Web site: Daon . www.accenture.com . https://web.archive.org/web/20060212062046/http://www.accenture.com/Global/Services/Alliances/Daon.htm . 2006-02-12.
  18. Web site: Interview with Tom Grissen, CEO, Daon Inc. findBIOMETRICS . findbiometrics.com . https://web.archive.org/web/20131219021916/http://findbiometrics.com/interview-with-tom-grissen-ceo-daon-inc/ . 2013-12-19.
  19. Web site: FIDO Certified . FIDO Alliance. https://web.archive.org/web/20150714212405/https://fidoalliance.org/certification/fido-certified/ . 14 July 2015 .
  20. Web site: IdentityX Wins NACUSO's Next Big Idea Competition - NACUSO . https://web.archive.org/web/20160304114945/https://www.nacuso.org/2015/04/28/identityx-wins-nacusos-next-big-idea-competition/ . 4 March 2016 . nacuso.org .
  21. CUNA: CUNA Technology Council Announces Daon as 2015 Best in Show Award winner . 2015-07-20 . https://web.archive.org/web/20150923211936/http://www.cuna.org/Stay-Informed/Press-Room/Press-Releases/2015-Press-Releases/CUNA-Technology-Council-Announces-Daon-as-2015-Best-in-Show-Award-winner/ . 2015-09-23 .