Authenticate Yourself with 'PASS' on the AllOneBank App

Mobile Carriers-NH Nonghyup Bank-Aton Strengthen Non-Face-to-Face Financial Services MOU
From September, All One Bank-Pass App Integration... Certificate & Easy Login Linkage

The three major telecom companies, NH Nonghyup Bank, and fintech security company Aton announced on the 13th that they signed a business agreement to strengthen non-face-to-face financial services based on the 'PASS' app at the NH Digital Innovation Campus located in Seocho-gu, Seoul. From the left: Choi Soon-jong, Head of LGU+ Enterprise Business Group; Lee Sang-rae, Vice President of Digital Finance Division at Nonghyup Bank; Oh Se-hyun, Head of Blockchain/Authentication Business Division at SK Telecom; Kim Jong-seo, CEO of Aton.

[Asia Economy Reporter Han Jinju] NH Nonghyup Bank mobile banking users will be able to authenticate themselves using the 'PASS' app, a personal authentication service, starting in September. This is the first time that PASS, operated by the three major mobile carriers, has been integrated into commercial bank services.

On the 13th, the three mobile carriers, NH Nonghyup Bank, and fintech security company Aton announced that they signed a business agreement at NH Digital Innovation Campus in Seocho-gu, Seoul, to strengthen non-face-to-face financial services based on the 'PASS' app.

The three mobile carriers, Nonghyup Bank, and Aton will link Nonghyup Bank's mobile platform 'All One Bank' app with the PASS app in September. Users will be able to use the PASS certificate and PASS simple login service in a one-stop manner.

The PASS certificate can be issued free of charge within one minute through the 'PASS' app. The certificate is stored in the secure area inside the mobile phone. In addition, it can be used in various areas such as non-face-to-face account opening, automatic transfer electronic signatures, insurance, and e-commerce services, and can be linked without complex solution development.

The three mobile carriers, Nonghyup Bank, and Aton plan to actively improve customer convenience by promoting joint marketing related to Nonghyup Bank financial products through the PASS app. They aim to proactively respond to changes in the financial market following the passage of the Electronic Signature Act amendment and lead the next-generation authentication service market.

Lee Sang-rae, Vice President of the Digital Finance Division at Nonghyup Bank, said, "We signed this agreement to provide customers with more convenient financial services," adding, "Through new challenges such as cross-industry partnerships, we will provide differentiated value to customers and continuously create various win-win business models."

The three mobile carriers stated, "This is a meaningful collaboration case that established a foundation to provide one-stop service from subscription to utilization by linking 'PASS' to commercial banks' mobile financial services," and added, "Based on various ICT capabilities such as 5G and artificial intelligence, the three mobile carriers will become partners that help financial companies innovate in the post-public certification era."

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