Secusen Launches Facial Recognition Bio-Authentication Solution 'Edge Bio'

[Asia Economy Reporter Koo Eun-mo] Secusen, a fintech security technology company specializing in bio electronic signature and authentication services under the ITCEN Group, announced on the 20th the launch of its bio-authentication solution based on facial information called ‘Edge BIO’.

Edge BIO detects facial information and landmarks on the smartphone client, verifies the user's fake authentication, then normalizes and encrypts the data before transmitting the recognized facial information to the server. Based on the transmitted facial information, the deep learning server extracts facial feature information and registers and verifies the extracted bio information. The stored facial feature information is divided and distributed in accordance with the Bank of Korea guidelines.

The company expects that by embedding this technology in smartphones, tablet PCs, desktops, and automated devices, intuitive and convenient services based on consumers’ facial information will be possible. When applied to smart banking using smartphones, financial consumers will be able to intuitively access banking apps and use various services.

Previously, Secusen signed an agreement with the Korea Financial Telecommunications & Clearings Institute’s distributed management center in October last year for bio electronic signature operations. They plan to provide both facial recognition-based bio-authentication and electronic signature services by applying the facial recognition algorithm.

Park Won-kyu, CEO of Secusen, said, "Edge BIO breaks away from authentication methods that required possession of information such as passwords and physical devices including certified digital certificates in the fintech and open banking era, enabling innovative services in the financial sector’s non-face-to-face channel services by utilizing individuals’ unique biometric information." He added, "While maximizing authentication convenience in the financial sector, we will also expand application areas to civil administration, public, and medical fields."

This content was produced with the assistance of AI translation services.