Hana Bank Introduces Korea's First Facial Recognition... Launches One-Stop Service 'New Hana One Q'

Providing Various Transfer Services Such as IOU Remittance, Heartfelt Remittance, and Global Pay Remittance
Easy and Fast Transactions with the Banking Sector's First Facial Recognition Service
Comprehensive Financial Services Including Asset Management, Cards, Securities, and Capital

[Asia Economy Reporter Kim Min-young] Hana Bank has launched 'New Hana One Q,' a mobile financial application (app) that encompasses all financial services. In addition to various remittance services, it is the first bank to introduce facial recognition authentication. Hana Bank expects to provide optimized non-face-to-face services in the era of everyday untact (contactless) interactions.

According to Hana Bank on the 20th, the newly introduced New Hana One Q features various remittance methods, including existing account transfers, overseas remittances, and remittances sent from other banks via open banking, as well as promissory note remittances, "My Heart" remittances, and Global Pay remittances.

Promissory note remittance is a service provided through a partnership with Amicus Rex, a legal tech company participating as the 9th cohort in Hana Bank's startup discovery, collaboration, and nurturing program, One Q Agile Lab. When lending money between acquaintances via mobile banking, an online promissory note can be issued simultaneously with the fund transfer.

"My Heart" remittance is a service that allows users to send money along with a message card via KakaoTalk and SMS on special occasions such as birthdays and celebrations, conveying their feelings together with the message card. Global Pay remittance is a service that, uniquely in Korea, allows real-time overseas remittances anytime and anywhere with just the recipient's name and PayPal ID, without needing the recipient's bank name, account number, or address, through a partnership with PayPal.

New Hana One Q also introduced facial recognition authentication for the first time in the banking sector. Regardless of the type of mobile phone, users can log in simply in one second using only facial recognition. Transfers can be made easily and quickly without a public certificate, security card, or OTP. The facial recognition service involves Mesacure Company, an AI facial recognition startup participating as the 10th cohort in One Q Agile Lab.

Additionally, through linkage with Hana Financial Group affiliates, various financial transactions such as stock trading, insurance diagnosis, and card transactions can be accessed via SSO (Single Sign On), allowing use of multiple services without downloading separate apps.

With a single login, users can receive stock recommendations, purchase overseas stocks, analyze subscribed insurance and receive recommendations for insufficient coverage, as well as check card statements and apply for cards, providing optimized non-face-to-face services in the untact era normalized by COVID-19.

New Hana One Q enables users to directly manage their assets through asset comparison with peers and popular financial product recommendations, provision of tax-favored limits and usage status, and consumption pattern analysis such as fixed expenses this month and top 5 personal expenditures.

Meanwhile, to commemorate the launch, Hana Bank will waive transfer fees for life for customers who install the app and register via facial recognition or simple number authentication by the end of October. Additionally, customers participating in the event by Chuseok will have a chance to win various prizes including cars like Tesla and New Carnival, refrigerators, and TVs.

A representative of the Hana One Q Task Force Team (TFT) stated, “In response to the untact era, we focused on developing easy, fast, safe, and diverse services to provide the most optimized non-face-to-face financial services,” and added, “We will continue to do our best to provide the best financial services for our customers' happiness.”

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