Sensestone (CEO Yoo Chang-hoon), a domestic authentication security specialist, is actively pursuing the global market for card-tagging mobile OTPs by participating in major overseas security and fintech events.

Sensestone announced on the 19th that it will be exhibiting at major security and fintech events around the world, including Asia, Europe, and the United States, in order to pioneer the global market for the card tagging-type mobile OTP ecosystem.

Starting with Communic Asia, held in Singapore from June 1 to 3, the company will participate in the RSA Conference, the world's largest security exhibition, held in San Francisco, USA from June 6 to 9; South Summit, the largest startup fair in Southern Europe, to be held in Madrid, Spain from June 8 to 10; Vivatech, France's leading startup conference, to be held in Paris, France from June 15 to 18; and InfoSecurity, Europe's largest security conference, to be held in London, UK from June 21 to 23.

Among these, at the South Summit, Sensestone's global headquarters swIDch [hosted] next-generation startups Gari has been selected as one of the Top 100 Startups and operates a demo booth along with the opportunity to present to global investors and companies.

Vivatec, participating as a selected company for the French telecommunications company Orange's 'Orange Fab Asia' accelerator program, plans to hold various business discussions with Orange officials, partners, and exhibitors at its dedicated booth within the Orange exhibition hall.

Sensestone, which has garnered significant attention from domestic and international financial institutions since supplying it for Toss Bank's mobile OTP last year, noted at the MWC 22 exhibition it participated in earlier this year that there is also considerable potential demand in overseas markets and plans to embark on a full-scale expansion of its global ecosystem.

In fact, at the last MWC 22, many global financial officials showed significant interest in card-tagging mobile OTPs that combine the functions of payment cards and OTPs in overseas markets where physical card-based financial payments are still actively conducted.

Unlike digital OTPs that receive a one-time code through an app built into a smartphone, Sensestone's card-tagging mobile OTP enables immediate identity verification simply by tagging the user's payment card to a mobile device.

It does not even require the PIN number entry process typically required by standard mobile OTPs, allowing even elderly users unfamiliar with mobile banking to easily perform the authentication process.

On the other hand, the authentication process generates a first OTAC authentication code during communication with the smartphone NFC through an OTAC embedded in the card in the form of an applet, and then performs the authentication through a second OTAC authentication code in the section linked with the app, thereby blocking even the risk of sniffing that may occur within the NFC section in advance.

In particular, not only is there a possibility of code duplication with other users, but even reuse It is impossible, making safer financial transactions possible.

Yoo Chang-hoon, CEO of Sensestone, stated, “While mobile OTPs are rapidly spreading, primarily in Asian countries, for safer financial services, the demand for safer authentication processes has also increased following a 7.2 billion won mobile OTP theft incident in Singapore last year, so the potential demand for card-tagging mobile OTPs is very high.” He added, “Having fully confirmed this potential at the MWC 22 exhibition earlier this year, we will pioneer the card-tagging mobile OTP market by actively seeking out global customers.”