Aton Supplies Private Authentication Solution and Mobile OTP to Samsung Securities

[Asia Economy Reporter Jang Hyowon] Fintech security company Aton (CEO Kim Jongseo) announced on the 9th that it has signed a contract to supply software-based security media mobile OTP and private certificate solutions to Samsung Securities (CEO Jang Seokhun).

Aton's mobile OTP and private certificate solutions provide non-repudiation through electronic signatures when customers conduct financial transactions on mobile devices, simplifying the customer authentication process without separate physical security media, thereby enhancing convenience while boasting high security.

Through this contract, Samsung Securities will apply Aton's private certificate and mobile OTP, enabling customers to safely and conveniently use financial transactions such as mobile non-face-to-face account opening, account transfers, and stock trading. Additionally, a shortened signature function considering the speed of stock trading will be applied to support faster transactions.

By adopting Aton's mobile authentication solution, customers using Samsung Securities' mobile services will be able to conduct financial transactions with simple procedures such as biometric authentication and a 6-digit password while securely protecting personal information. Services applying Aton's authentication solution are scheduled to open in the first half of this year.

In particular, the private certificate and mobile OTP supplied by Aton to Samsung Securities incorporate 'mSafeBox,' the country's first software-based Secure Element developed by Aton. The mSafeBox solution fundamentally prevents exposure or leakage of encryption keys and encryption/decryption algorithms within smartphones, enhancing security levels. It also resolves device-specific usage restrictions and provides services regardless of the operating system (OS), enabling real-time response and support when changing devices or upgrading OS versions.

Following the contract signed last October to supply an integrated authentication solution applying mSafeBox to Korea Investment & Securities, Aton expects to expand the supply of integrated authentication solutions to other securities firms by consecutively signing contracts with Samsung Securities.

Aton has supplied its software-based security media solutions to numerous domestic banks including KB Kookmin Bank, Shinhan Bank, NongHyup Central Association, NH NongHyup Bank, IBK Industrial Bank, K Bank, Jeju Bank, SBI Savings Bank, and Q1 Savings Bank. It has also expanded the use of Aton fintech security solutions by signing supply contracts with securities firms such as KB Securities, Shinhan Investment Corp., Korea Investment & Securities, and Korea Post Securities.

Kim Jongseo, CEO of Aton, stated, “Interest in our fintech security technology continues to grow this year following last year due to open banking and the government's innovative financial service policies. Based on customer trust, we plan to expand the supply of our fintech security solutions to more services.”

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