Lee Min-hyung joined The Korea Times in 2014 and has worked as a journalist mainly in Korea’s finance, tech and automotive industry. He specializes in content creation, breaking news and in-depth analysis currently on transportation and mobility. You can reach him via mhlee@koreatimes.co.kr.
Hana Bank adopts anti-forgery tech for mobile app
A model promotes Hana Bank's anti-forgery service that authenticates users' ID cards. Courtesy of Hana Bank
By Lee Min-hyung
By Lee Min-hyung
Hana Bank has adopted an anti-forgery technology providing ID authentication for users of its mobile app.
The lender expects the technology to help prevent possible cyber threats. The technology was applied to Hana's 1Q mobile banking app to improve authentication.
This new service was made possible under Hana's partnership with Posicube, a Seoul-based startup specializing in artificial intelligence. The company conducted deep learning-based algorithm tests between real and fake ID cards, Hana said.
The company also said it would continue piling up relevant datasets and use them in other security-related areas ― including fraud detection systems ― so as to further develop its non-face-to-face financial transaction security.
The lender also pledged to strengthen its efforts for customer protection by enhancing its technological infrastructure in a preemptive manner.
“Hana Bank will make more concerted efforts in preventing any financial accidents by introducing distinguished technologies and enhancing security in broad areas ― such as voice phishing, malicious app detection, face recognition and ID card check,” a spokesman at Hana Bank said.
In March, the bank also released a face recognition service that the Financial Services Commission designated as an innovative financial service.