Aton Provides Personal and Corporate Banking Mobile OTP Service to KB Kookmin Bank

[Asia Economy Reporter Hyunseok Yoo] Fintech security company Aton announced on the 14th that it will begin providing KB Kookmin Bank's personal and corporate banking mobile OTP (One-Time-Password) service. This is the first case in the financial sector where corporate business operators will also use mobile OTP.

Through this service provision, KB Kookmin Bank is expected to not only expand consumer choice for electronic financial service users by introducing new security media but also enhance convenience for corporate customers by strengthening the competitiveness of corporate digital financial services.

The mobile OTP to be introduced this time can be issued non-face-to-face as well as at branches, just like the existing physical OTP. It is meaningful in that it provides universal digital financial services for the visually impaired. Aton's mobile OTP acts as an additional user authentication method during financial transactions, automatically generating a one-time password without a separate physical security medium, simplifying the authentication process and providing convenience not only to general customers but also to digitally underserved groups.

Kim Jong-seo, CEO of Aton, said, "Starting with providing mobile OTP services to KB Kookmin Bank, which has many personal and corporate customers, please pay attention to the expansion of the customer base to corporate business operators beyond individual customers," adding, "We will continue to grow as a leading company in the security and authentication field by playing a pivotal role in the digital transformation of the financial sector amid the acceleration of non-face-to-face services."

Aton has provided solutions to major banks such as Shinhan Bank and NongHyup Bank, as well as various secondary financial institutions and securities companies including Korea Investment & Securities, Samsung Securities, Shinhan Financial Investment, and KB Securities. Recently, it has expanded its client base to insurance companies, standing out across all sectors of the financial industry.

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