ATON Provides Mobile Certificate Solution to Internet Bank K-Bank
ATON Provides Mobile Certificate Solution to Internet Bank K Bank
- Fintech security solution based on white-box cryptography provided
- More convenience for customers with simpler mobile certification
July 24, 2019 – Fintech security firm TON (CEO Kim Jong-seo) revealed on the 24th that it has signed an agreement to build and supply a mobile certification solution to Internet-only bank K Bank (CEO Shim Seong-hun).
ATON’s mobile certification solution introduced by K Bank enhances the security of financial transactions while providing simple certification services such as bio-certification and simple PINs and is planned to be launched in the latter half of this year.
With the abolition of the mandatory use of certification during electronic transactions, more frequent introduction of mobile certification for finance is eliminating customer inconveniences such as issuance, updating, and encryption of complicated certification processes along with policies to reduce the risk of identity theft or leakage of personal data held by the certification due to hacking.
This mobile certification solution provided to K Bank uses ATON mSafeBox, a security solution with software secure elements launched by ATON. The use of white-box cryptography, in particular, provides encryption keys as secure as hardware-based solutions such as USIM and TrustZone while supporting a high level of security by saving and running key algorithms through especially secure fields.
Furthermore, achieving security that previously required hardware through software instead reduces device limitations and provides secure financial services regardless of operating system.
ATON already provides various software security solutions to KB Bank, Shinhan Bank, Nonghyup Bank, Industrial Bank of Korea, KB Securities, Shinhan Investment and SBI Savings Bank. It has signed an agreement to supply mobile OTP to Shinhan Vietnam Bank as well last May as it promotes overseas exports of its fintech security solutions.
ATON CEO Kim Jong-seo was quoted as saying, “Certification available thus far has required complicated certificate issuance and processes in addition to passwords, but was not completely secure. We can innovatively improve UX while increasing security by introducing certification using ATON’s white-box encryption instead.”