KFTC Unveils New Bio-Authentication Model with Enhanced Stability

[Asia Economy Reporter Minyoung Kim] The Korea Financial Telecommunications and Clearings Institute (KFTC) has introduced a new authentication model that enhances the stability of biometric authentication.

On the 1st, KFTC announced that it has launched a new authentication model that improves the existing mobile biometric authentication service to reflect changes in the authentication environment following the revision of the Electronic Signature Act and to provide a more secure authentication service.

KFTC added a new feature that, when abnormal signs such as tampering with biometric information are detected, blocks authentication for the affected device model collectively in the biometric information joint authentication system and displays an authentication restriction notification window to customers using financial company applications (apps).

KFTC explained that since biometric authentication relies on sensors manufactured by device makers, there is a risk of authentication errors due to tampering, and this new feature is designed to address that risk.

Additionally, the stability of the biometric information joint authentication system has been enhanced. In case of a failure in the joint authentication system, an emergency switch to institution-specific authentication procedures allows temporary normal login processing through the institution’s own biometric authentication, by developing a 'Safe Module.'

KFTC also reported that it has expanded internal facilities and network communication infrastructure to ensure stable operation even when biometric authentication transaction volumes surge.

Furthermore, besides the joint biometric authentication app, a customized authentication service for user institutions has been newly introduced. Through this service, financial companies can directly embed biometric authentication functions within their own apps and autonomously set policies such as the number of allowable authentication errors and validity periods.

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