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Private certificate to replace public certificate, first applied to first-tier financial institutions

기사입력2020.07.13 10:41

3 mobile carriers, Nonghyup Bank, and Aton sign non-face-to-face MOU
From September, All One Bank app authentication is possible with the Pass app
Pass certificate, private certificate first applied to first financial sector



The superior status of public certificates was lifted last May. However, public certificates are still used for financial services due to the lack of suitable private certificates.

In this situation, the first case of a private certificate being applied to the first financial sector has emerged.
▲ (From left) Choi Soon-jong, LG Uplus Group President, Lee Sang-rae, NH Nonghyup Bank Vice President
Oh Se-hyun, SK Telecom Headquarters Director, Kim Jong-seo, Aton CEO [Photo = LG Uplus]

The three major mobile carriers, Nonghyup Bank, and fintech security company Aton announced on the 13th that they signed an MOU to strengthen non-face-to-face financial services.

Based on this agreement, the five companies plan to improve customer convenience by linking Nonghyup Bank's 'All One Bank' app with the three mobile carriers' 'Pass' apps to conveniently improve membership registration and authentication procedures, and promote joint marketing of Nonghyup Bank's financial products through the Pass app.

By September, the five companies will link with All One Bank and PASS to provide one-stop use of the ‘PASS certificate’ and ‘PASS easy login’ services.

Pass certificates can be issued for free within 1 minute from the Pass app, and the certificates are stored in the safe area within your mobile phone. In addition, it can be used in various fields such as non-face-to-face account opening, automatic transfer electronic signature, insurance, and e-commerce services, and can be linked without developing complex solutions.

The five companies announced that they plan to continue their cooperation in the future to proactively respond to changes in the financial market following the passage of the revised Electronic Signature Act and to lead the next-generation authentication service market.
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