KB Kookmin Bank Surpasses 1 Million Subscribers for KB Bio Authentication Service

Leading Untact Financial Services with the Largest Bioinformation in Domestic Financial Sector
Single Registration Enables Withdrawal Transactions and Notifications at Counters and ATMs

[Asia Economy Reporter Kangwook Cho] KB Kookmin Bank announced on the 4th that the number of customers subscribed to the 'KB Bio Authentication (Easy Banking) Service' has exceeded 1 million.

The KB Bio Authentication Service allows withdrawal transactions at counters and automated machines without cards or passbooks, and enables identity verification without an ID card for reporting services. This enhances customer convenience and reduces processing time. KB Kookmin Bank was the first in the financial sector to establish bio infrastructure at all branch counters. Customers registered with biometric information (palm vein) account for 82% of the entire financial sector, leading the financial sector's bio authentication services.

The biometric information used in the KB Bio Authentication Service utilizes the unique characteristics of the palm epidermal blood vessels of each individual, making it difficult to forge and less likely to be stolen, providing higher authentication accuracy and security than fingerprints or irises. Additionally, the collected biometric information is stored separately by the bank and the Korea Financial Telecommunications & Clearings Institute, ensuring higher security.

To commemorate surpassing 1 million subscribers to the KB Bio Authentication Service, KB Kookmin Bank will hold an event from the 15th until the end of July, where 1,000 registered customers will be selected by lottery to receive Starbucks coffee gifticons.

A KB Kookmin Bank official stated, "The untact KB Bio Authentication Service will be usefully applied to all financial tasks requiring identity verification in the future, especially amid the recent COVID-19 situation."

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