BankSalad Selected as 'Electronic Signature Certification Service Provider'

[Asia Economy Reporter Kiho Sung] MyData specialist company ‘BankSalad’ announced on the 12th that it has obtained recognition as an ‘Electronic Signature Certification Authority’ from the Ministry of Science and ICT and the Korea Internet & Security Agency (KISA).

BankSalad will enter the certification business starting with this recognition as an Electronic Signature Certification Authority. Certificates recognized as Electronic Signature Certification Authorities will be allowed as integrated authentication methods for MyData after review by the Financial Security Institute.

Recently, BankSalad became the first fintech company to pass the MyData functional conformity review and security vulnerability inspection and has entered the ‘MyData Business Closed Beta Test (CBT)’ conducted by the Credit Information Service. Accordingly, the BankSalad certificate will be primarily implemented as the integrated authentication method within its service.

MyData integrated authentication is an essential procedure for exercising credit information transmission rights between MyData providers and service users and for using MyData services. MyData businesses are required to apply at least one private certificate from an integrated authentication institution designated by the Financial Security Institute.

BankSalad stated, “Through obtaining the status of Electronic Signature Certification Authority, our stable system and security technical capabilities have been recognized,” and added, “BankSalad plans to sequentially expand not only in the MyData market but also to government and public institutions to enhance digital government convenience.”

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