Naver Cloud Builds Integrated Authentication Relay System for Financial Security Agency MyData

[Asia Economy Reporter Seungjin Lee] Naver Cloud announced on the 18th that it has been selected as the builder of the Financial Security Institute’s ‘MyData Integrated Authentication Relay System.’ Naver Cloud and business data platform company KUKON plan to build the relay system required for authentication in the form of a cloud-based API platform.

The MyData Integrated Authentication Relay System relays authentication information that needs to be transmitted between MyData information providers and authentication institutions. The existing MyData integrated authentication had the inconvenience that information providers (including relay institutions) and authentication institutions had to link each authentication method separately when using private authentication methods. Along with the increase in demand for private certificates due to the expansion of the MyData business, the need to introduce a relay system that can reduce time and cost burdens was raised. Accordingly, the Financial Security Institute decided to build a cloud-based relay system that can effectively manage large-scale authentication traffic.

By using the integrated authentication relay system, information providers (relay institutions) and authentication institutions can link multiple authentication methods by integrating with the system just once. When adding authentication institutions, no separate integration is required, and information providers and relay institutions can provide new integrated authentication methods through the relay system.

The integrated authentication relay system is scheduled to be officially operated after a pilot run in September this year.

Lim Jeong-wook, Public and Financial Sales Director at Naver Cloud, said, “Naver Cloud’s participation in building this relay system means that the technology and know-how accumulated through our experience in building financial clouds have been recognized,” adding, “We will leverage Naver Cloud’s professional infrastructure design and operation experience and flexible traffic management experience to build a stable integrated authentication relay system.”

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