NH Nonghyup Bank Signs MOU for Interconnected Identity Verification Service Among Banks

NH Nonghyup Bank announced on the 22nd that it has signed a memorandum of understanding (MOU) with major domestic commercial banks to provide a joint identity verification service for the banking sector.

This agreement involves six major banks, including Nonghyup Bank, and its main goal is to enhance the convenience and accessibility of identity verification services through the development of a joint banking platform.

The identity verification service allows users to verify their identity without using a resident registration number, instead utilizing alternative means such as digital certificates, and can be applied to a wide range of online services in the financial, public, and private sectors.

Through this agreement, Nonghyup Bank plans to expand the use of identity verification services via the 'NH Certificate,' and to strengthen compatibility across various environments by establishing a cloud system in the future.

Yoo Ilbong, head of the Personal Digital Platform Department at Nonghyup Bank, stated, "We will continue to collaborate to provide customers with safe and convenient digital financial services in the future."

At the agreement ceremony held at the Woori Bank headquarters on the 21st, representatives from the six major banks are taking a commemorative photo. Photo by NH Nonghyup Bank

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