SOURCE: Danal, Inc.

Danal, Inc.

December 14, 2016 06:00 ET

BankMobile Launches with Danal to Enhance Mobile Security

America's largest mobile-first bank enhances app with best-in-class fraud and compliance solutions for the Financial Industry

SAN JOSE, CA--(Marketwired - December 14, 2016) - Danal, Inc., a global leader in mobile identity and authentication solutions, today announced that BankMobile is now utilizing Danal's Mobile Identity solution. This will strengthen BankMobile's mobile banking products by making them more secure for use by consumers.

One of BankMobile's key focus areas is providing an enjoyable consumer experience with emphasis on both convenience and security. As more and more consumers are banking on their mobile phones, BankMobile has built a niche in offering unmatched features in its mobile banking app. Danal's real-time mobile network data is a valuable piece in providing a comprehensive set of capabilities that authenticate and validate a consumer's mobile device and its owner.

Danal's mobile identity and authentication services are impactful and have proven far more effective than traditional fraud management solutions. The services include real-time access to the mobile operator's network and subscriber data.

"There is a natural synergy between Danal's solution and BankMobile," said Dan Armstrong, Chief Digital Officer at BankMobile. "BankMobile's vision of providing an experience that is user friendly and secured is in line with Danal's technology that works behind the scene to secure online transactions without disrupting the consumer experience."

This partnership reinforces Danal's position as the leader of fraud and compliance solutions to the Financial Services vertical. With its real-time access to mobile network data, Danal is in a unique position to provide the most authentic and definitive solutions for mobile identification, authentication and TCPA compliance. Additionally, Danal offers other consent-driven consumer convenience services, such as auto form-filling for account origination and simple mCommerce guest checkout on input-constrained mobile screens.

Jim Greenwell, CEO of Danal Inc., said, "With Danal's mobile identity solution, Banks and Enterprises can now confidently identify and verify wireless carrier accounts -- including matching of name and address on file -- directly with the mobile operators who service those accounts. We are excited to work with a visionary company like BankMobile that is building next generation banking solutions and enhance their mobile banking products".

About BankMobile

Established in 2015, BankMobile, a division of Customers Bank, is America's largest mobile-first bank, offering fee-free checking and savings accounts. It provides target customers -- millennials, the underbanked and middle income households with a digital, effortless and financially empowering experience. BankMobile offers checking, savings, lines of credit, joint accounts and access to over 55,000 surcharge-free ATMs nationwide (BankMobile VIP customers have free access to every ATM in the country, which is more than 400,000 ATMs), a guaranteed higher savings rate than the top four banks in the nation, a personal banker for all customers, and a free financial advisor for VIP customers. BankMobile is operating as the digital banking division of Customers Bank, which is a Federal Reserve regulated and FDIC-insured commercial bank. For more information, please visit www.bankmobile.com.

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, compliance services such as TCPA and KYC, and streamlined, customer conversion solutions that lower customer abandon rates during registration and checkout. 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.