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Korean banks adopt unified authentication certificate for online transactions

Tuesday 29 May 2018 11:28 CET | News

Korea-based banks have announced their plans of adopting a unified authentication certificate for online transactions in July 2018 as a solution of boosting customer experience.

Eighteen members of the Korean Federation of Banks will introduce the unified certificate named BankSign to allow customers to make online financial transactions using their PIN numbers, secret patterns or fingerprints.

Customers can download the BankSign from each bank’s application and use it for three years free of charge. The BankSign certificate will be initially available on mobile phones. At present, banks issue their own authentication certificate to their customers for mobile transactions on the internet or mobile phones.


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Keywords: authentication, banking, Korea, online transactions, customer experience, BankSign, mobile banking
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