KakaoBank Face Recognition Technology Passes KISA Bio-Recognition Certification

[Asia Economy Reporter Kiho Sung] KakaoBank announced on the 2nd that its self-developed facial recognition technology passed the performance standards with a 100% recognition rate and 0% error rate in the ‘Biometric Recognition System Test Certification’ conducted by the Korea Internet & Security Agency (KISA).

The Biometric Recognition System certification is the only certification test in Korea, tested by the Biometric Recognition Information Testing Center (K-NBTC) and certified by KISA. Certification is issued only when a certain level of accuracy is met based on the recommended standards of the International Organization for Standardization (ISO·IEC JTC1 SC37).

In this certification, KakaoBank’s Financial Technology Research Institute’s facial recognition technology, ‘KabangFR,’ achieved a 100% recognition rate and 0% error rate in all areas including lighting direction, facial expression changes, pose, and accessory wearing, earning the highest score and obtaining the certificate.

KakaoBank plans to utilize facial recognition technology to enhance customer convenience and strengthen security. Specifically, it will be applied in areas such as identity verification services and fraud transaction detection to prevent financial fraud.

Hyuncheol Ahn, head of KakaoBank’s Financial Technology Research Institute, said, “Through this certification, we were able to confirm KakaoBank’s technological capabilities,” adding, “We are accelerating technological innovation so that customers can have a safer financial transaction environment and a more convenient financial life.”

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