SC First Bank Unveils Mobile Banking with Quantum Security Technology Applied

[Asia Economy Reporter Kim Min-young] SC First Bank announced on the 17th that it will be the first commercial bank to provide mobile banking services applying 5G quantum security technology in collaboration with SK Telecom.

Quantum-secure mobile banking is an exclusive service for SK Telecom’s dedicated smartphone, the Galaxy A Quantum, which is equipped with a quantum random number generator (QRNG) chipset. QRNG is a technology that generates unpredictable quantum random numbers without patterns by utilizing the quantum property (randomness) of the smallest physical unit that cannot be divided further. By applying this technology, theoretically perfect random numbers are used to generate encryption keys, enabling customer information to be encrypted more securely, thereby greatly enhancing security.

Accordingly, customers who own the Galaxy A Quantum device can perform financial transactions such as account opening and remittance more securely through SC First Bank’s mobile banking application (app) using a mobile one-time password (OTP). Since the seed value used to generate the mobile OTP is encrypted with quantum random numbers generated by QRNG technology, security is further strengthened.

An SC First Bank official stated, “The most important factor for customers using mobile financial services through non-face-to-face channels is security that protects transaction safety,” adding, “We will continue to play a leading role not only in customer convenience and digital innovation but also in protecting customer information through partnerships with various fintech (finance + technology) companies.”

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