Mirae Technology Supplies Biometric Authentication-Integrated Mobile OTPs to Financial Companies
Published2017.08.11 13:36BIOTP is a combination of BIO authentication and OTP authentication. It is a smartphone-based S/W OTP solution developed by Mirae Technology that combines FIDO-based biometric authentication with mobile OTP to enable secure use during electronic financial transactions such as internet banking or smart banking.
Although mobile OTPs are convenient, they could not be used in the financial sector due to security issues and have until recently been used primarily for identity verification in games or companies. Meanwhile, Mirae Technology has secured a solid market share in the mobile OTP market by launching mobile OTPs in 2008 and supplying them to over 150 public institutions and companies. Based on its accumulated mobile OTP technology, the company has researched and developed a secure mobile OTP with upgraded security applicable to the financial sector and has now supplied it to Kiwoom Securities.
In particular, Mirae Technology has improved the shortcomings of biometric authentication and enhanced the convenience of Secure Mobile OTP by obtaining FIDO certification, an international biometric authentication standard, and combining it with Secure Mobile OTP.
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