San Jose, California, May 8, 2018 – Danal, Inc., headquartered in San Jose, California, USA announces that they have accepted a strategic investment from Hansol Secure, headquartered in Seoul, South Korea. Hansol Secure is a joint venture between Hansol Group, a conglomerate out of Korea and G+D, the global leader from Germany in the smart card and mobile security. The companies agreed to partner to bring the Mobile Identity and Authentication services to the Asian Market through a Joint Venture that is being finalized and will be announced soon.
The venture will provide advanced multi-modal authentication and security solutions that enables remote digital customer – (i) registration, #regtech #fintech (ii) verification, #eKYC #AML #identityproof #compliance (iii) authentication, #nopassword #silentAuth and (iv) fraud mitigation services #zerofraud #fightfraud #riskmanagement across various industry verticals such as financial institution, healthcare, e-commerce, hospitality, marketplaces, etc. to complete their “Mobile First” transformation.
“Customer demands are driving our expansion in key markets in Asia,” said Atreedev Banerjee, COO at Danal, Inc. “This strategic partnership with Hansol Secure expedites our regional presence and boosts the time to market for our customers.”
“The Danal solutions are award-winning and bespoke for customers,” said Sang-Jin Park, CEO at Hansol Secure. “With this agreement, Hansol Secure is able to grow our portfolio in this high growth sector and expand our regional presence.”
About Hansol Secure
Hansol Secure, a No. 1 digital security provider in Korea, has maintained the lead in the domestic and global security solutions market based on cutting-edge smart card and mobile security platform technology, Hansol Secure. In 2017, with the investment from G+D, a leading global security solution provider headquartered in Germany, Hansol Secure took a major step forward in becoming a leading IT security solutions provider in the global market. Based on expertise as the world’s first developer and provider of Combi-USIM and the first company to commercialize the TEE solution in Korea, Hansol Secure will continue to expand product portfolio to include eSIM and IoT security solutions and pioneer the global IoT security solutions market in partnership with G+D. Hansol Secure was listed on KOSDAQ in 2010 and was merged into Hansol Group in 2011. Hansol Group is a company that spun off from Samsung Group in 1991 and currently has many affiliated companies.
Danal, Inc. is the premier global provider of mobile identity and authentication solutions driven by unique real-time connections to mobile operator networks and data. Danal’s patented technology solves for multiple use cases across various industry verticals such as financial institution, healthcare, marketplaces, e-commerce, hospitality, etc. The supported use cases range from solving for compliance (GDPR, KYC, AML, TCPA, etc.), Identity proofing (computer vision, video streaming, biometrics and machine learning) during registration, high-value transactions and access control plus user experience improvements (auto form-fill, instant enrollment, guest check-out, etc.) and fraud prevention (account takeover, SIM fraud, device spoofing, malware, etc.). Danal, Inc. is a privately held US company whose investors include Discover Financial Services, Morgenthaler Group, Orange Telecom, Bangkok Bank and Danal Co, Ltd. Learn More: https://danalinc.com/get-started/