ORLANDO—IdentityX, the provider of a mobile biometric authentication platform, won NACUSO’s Next Big Idea competition during the association’s annual meeting here.
The Fairfax, Va.-based company was selected by audience vote after it and four other companies made presentations and took questions from judges, who included Daymond John of ABC’s Shark Tank.
From left, Shark Tank’s Daymond John with Conor White and Mike Groat of IdentityX, which won NACUSO’s Next Big Idea competition.
IdentityX, from Daon, describes its solution as a platform that helps to solve the dilemma of doing a transaction at anytime, anywhere, while maintaining high levels of service without comprising the customer intimacy that are the hallmarks of credit unions.”
The solution uses a video of the user’s face and voice over a mobile device to authenticate the user. No password or user name is required. It is currently used by more than 180,000 USAA members to access their accounts.
Daon also won the Best of Show award from the CUNA Technology Council earlier this year at CUNA’s GAC.
Other companies competing in the Next Big Idea competition included gameFI, Isthmian CUSO, Obloco, and OnApproach.