Suprema-Hana Bank, MOU for Integrated Online and Offline Facial Recognition Service

by Ryu Hyunseok

Published 21 Jan.2022 09:47(KST)

[Asia Economy Reporter Hyunseok Yoo] Suprema, a bio-recognition and integrated security specialist company, announced on the 21st that it has signed a partnership agreement (MOU) with Hana Bank to establish a face authentication-based service.

Through this business agreement, Suprema plans to collaborate with Hana Bank to develop new authentication services based on differentiated face recognition technology and biometric information-based infrastructure. By linking with offline services, expansion to a ‘Bio Pass’ enabling access authentication and unmanned payment will be possible through this system construction. Hana Bank was the first in the financial sector to introduce a face authentication solution last year. Since then, it has been preparing a service platform utilizing face authentication in collaboration with the industry's top partners.

Kim Hancheol, CEO of Suprema, said, “We are very honored that Suprema’s biometric-based integrated security management platform has been adopted by the financial sector, which requires the highest level of sensitive information protection and physical security. This proves Suprema’s potential to expand beyond access security into financial services and unmanned payment fields.” He added, “Taking this business agreement as an opportunity, we will launch new face recognition-based authentication services and lead innovation in the financial authentication market in the future.”

A Hana Bank official said, “We hope to achieve good results by cooperating with companies like Suprema, which possess the industry’s best technology in the field of face recognition, to lead the competition for bio-authentication adoption in the financial sector.”