Daegu Bank-SK Telecom, Industry's First Application of Quantum Security Technology in Banking App

Hwang Byung-wook, Head of Marketing Division at DGB Daegu Bank (left), and Han Myung-jin, Head of MNO Marketing Group at SK Telecom, are taking a commemorative photo. Photo by Daegu Bank

[Asia Economy Reporter Kim Min-young] DGB Daegu Bank is applying quantum security technology to mobile banking for the first time in the industry in collaboration with SK Telecom.

On the 20th, the two companies announced that ahead of the launch of Daegu Bank's mobile financial platform IM Bank application (app) service, they will apply QRNG technology and promote joint marketing.

QRNG stands for 'Quantum Random Number Generator,' which refers to a quantum random number generator. It is a technology that generates quantum random numbers that have no pattern and are unpredictable by utilizing the characteristics of quantum, the smallest unit of physical quantity that cannot be further divided.

Through this agreement, the two companies will strive to enhance customer convenience by strengthening user security through the first application of quantum security technology in the financial sector and increasing customer satisfaction.

Users of SK Telecom's world-first quantum security smartphone, the ‘Galaxy A Quantum,’ will be able to more securely protect their personal information when transferring funds with a digital one-time password (OTP) on Daegu Bank's IM Bank, or when undergoing identity verification procedures such as non-face-to-face subscription and account opening starting next month.

A Daegu Bank official explained, “In these days sensitive to personal information leakage incidents such as smishing attacks using financial information installed on smartphones, the IM Bank service applying SK Telecom's QRNG technology enables us to provide customers with much safer security.”

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