Daon has opened its Southeast Asia office in Singapore and appointed Trilochan Sehgal as Regional Vice President, SEA.
The new office and appointment highlight the importance of SEA and better position the company to respond to the growth of digital banking in the region.
“Due to the importance of this region to Daon’s global business, we are embarking on significant expansion plans, including establishing a new presence in Singapore, in addition to our well-established presence in Hong Kong, and appointing a high-calibre, seasoned identity professional in Trilochan Sehgal to lead our business as Vice President of South East Asia,” said Tom Grissen, CEO of Daon.
Based in Singapore, Sehgal is an industry veteran with more than 20 years of experience in cybersecurity, including many years at IBM, where he led the identity and access management software business for APAC.
Fast-tracking digitalisation efforts
Daon’s clients include Japan’s SMFG/SMBC, Standard Chartered Bank, and a number of Hong Kong-based banks, as well as The Hong Kong Jockey Club, which uses Daon technology to enable frictionless engagement with its betting apps.
In March, the company announced a contract to deliver digital onboarding and mobile biometric authentication to Singapore-based Tonik, which provides the first digital-only bank in the Philippines. New virtual banks like Standard Chartered Bank’s Mox in Hong Kong are also using Daon’s technology and are currently live in production.
“Despite some difficulties imposed by the pandemic, digitisation efforts by many South East Asian customers have recently been fast-tracked, and Daon’s technology plays an important role in enabling these initiatives,” said Sehgal.