Danal and A2iA Announce Multi-factor Identity Verification Partnership

"ID Double Check"™ service will provide increased levels of remote identity assertion in the EU and US. End Quote

New York, NY (1888PressRelease) April 05, 2016 - Danal, Inc., a global leader in mobile identity and authentication solutions and A2iA, a leading developer of handwritten and machine printed text recognition, information extraction and intelligent document classification toolkits, today announced a partnership that will set a new bar in the US and European markets for remote identity assertion by end-users. Danal's mobile network operator (MNO) partnerships across North America and Europe, which offer real-time mobile number ownership verification, is now integrated with A2iA's ability to capture, pre-process, and extract data from official ID cards, passports and documents from government agencies, utility companies and other authoritative sources. The combination of these two capabilities offers higher levels of identity assertion by users to enterprises, closing gaps in currently-available remote identity processes. ID Double Check is being deployed with financial institutions, healthcare agencies, eCommerce and payment companies, as well as other industry verticals that share the need to verify consumers' identities and proof of residency on smart phone apps or online on PC and mobile web.

"It has become a challenge to verify a customer's identity in a connected-device environment in order to facilitate and accelerate mobile transactions, and to improve remote account opening completion rates," said Venceslas Cartier, A2iA's EMEA & India BD & Marketing Director. "By combining the ability to automatically locate and extract data from IDs from around the world, and match this information with real-time mobile number ownership data, the ID Double Check can help address compliance regulations and offer extremely high confidence levels of identity assertion," said Wendi Klein, A2iA's BD & Marketing Director, North America.

"The ID Double Check service elegantly addresses key market needs by helping organizations effectively meet their 'know your customer' (KYC) and other regulatory compliances like 'anti-money laundering' (AML)," said Atreedev Banerjee, GM EU and VP Mobile Identity and Authentication at Danal.

In September 2014, Danal launched mobile ID authentication and attribute services in the US. Today, Danal is the mobile identity leader that has been trusted by top-tier US and European MNOs to integrate to their networks and databases, for verification of their subscriber accounts - including matching of name and address on file directly over the operator's network. The mobile equipment ownership (which includes the device and the SIM card) and the right possession by the owner are also verified as part of the process. Clients such as large financial institutions and mCommerce brands are able to prevent fraud and mitigate risk. By utilizing the MNOs' real-time data, Danal also offers other consent-driven consumer convenience services, such as auto form-filling for account origination and simple mCommerce guest check-out on input-constrained mobile screens.

Danal is now expanding its Mobile ID services, established in the US, across Canada and European markets. Danal has opened EU offices and data center operations to support its European market expansion.

A2iA has been a trusted partner for financial institutions, large corporations and government agencies for more than 25 years, providing the ability to recognize printed and cursive handwritten data from checks, forms, customer correspondences and IDs from around the world, in varying languages and formats. A2iA's mobile technology processes client-side, enable the user to capture and extract data in remote locations, even if they are not connected to cellular service or Wi-Fi.

Working closely with its end users and worldwide network of system integrators, A2iA's state-of-the-art and proprietary recognition technologies and software toolkits address customers' complex data extraction and document processing needs, whether originating on the mobile device or traditional desktop workflow.

Danal CEO Jim Greenwell and A2iA CEO Jean-Louis Fages released the following dual statement: "This partnership is uniquely positioned in the identity marketplace, and clients of the respective companies stand to benefit greatly."

Danal and A2iA will be presenting demonstrations of their combined ID Double Check capabilities at Danal's exhibit stand (E47) at the Money2020 Europe show April 4-7, 2016 in Copenhagen, Denmark.

About A2iA
A2iA, Artificial Intelligence and Image Analysis, is the worldwide leading developer of handwritten and machine printed text recognition, information extraction and intelligent document classification toolkits. By enhancing solutions from systems integrators and independent software vendors, A2iA allows complex and cursive data from all forms, documents and checks including unstructured handwritten letters, to become part of a structured database, making it searchable and reportable, with the same level of flexibility of printed or digital data. For more information, visit www.a2ia.com or call +1 917-237-0390 within the Americas or +33 1 44 42 00 80 within EMEA or Asia.

About Danal
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, and streamlined, customer conversion solutions that lower customer abandon rates during registration and checkout. Danal is also known globally as BilltoMobile™, a Danal carrier billing service that utilizes global direct connections with Tier-1 mobile operators to enable the purchase of goods and services billed directly to mobile accounts. 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. For more information, visit www.danalinc.com.

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