The amount of the deal was not disclosed.
Led by Jim Greenwell, CEO, Danal provides a mobile identity platform that leverages data, such as phone number, real-time mobile device/network attributes and most recent subscriber information, from mobile network operators and other authoritative sources, to authenticate and verify customer transactions with zero interruptions. Its 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, malwares, etc.). Danal is backed by Discover Financial Services, Morgenthaler Group, Orange Telecom, Bangkok Bank and Danal Co.
As part of the investment, Experian will combine elements of Danal’s Mobile Identity Platform within its CrossCore® platform to deliver a comprehensive identity offering to the global market, enabling businesses to authenticate identities and protect people’s information.
Alongside the CrossCore platform, the addition of the company’s mobile identity platform allows businesses to use multiple strategies to verify and protect consumer identities.