By Lee Min-hyung
Samsung SDS is pushing to expand in Europe by signing partnerships with globally-renowned financial companies to supply them with its mobile security systems.
The Internet technology affiliate of Samsung Group said Wednesday that it agreed with the British financial firm Barclays to jointly develop digital banking services.
Under the deal, Samsung SDS and Samsung Electronics will provide their mobile security systems to the banking company.
In particular, Samsung SDS plans to share its security expertise with the Fast Identity Online (FIDO) biometric recognition system. The FIDO office security system, which gained the spotlight at this year's Mobile World Congress (MWC) in February, uses fingerprint and facial recognition technology to offer the highest-level of security for corporate clients.
Samsung Electronics, for its part, also plans to provide its Knox mobile security platform. The company embedded the security system into its flagship handsets ― including Galaxy S7 and Galaxy Note 7.
Expectations are that the latest deal will allow the two Samsung affiliates to expand their security-related global profile into the lucrative business-to-business (B2B) sector in Europe.
"We have had a strong foothold in the mobile security industry in the United States, but our recent achievement will further boost our expansion into the European market," a Samsung SDS spokesman said.
The company also said it has partnered with German-based banknote and security systems provider Giesecke & Devrient (G&D) over jointly developing authentication for mobile devices. G&D, headquartered in Munich, has expertise in banknote printing and supplies security papers and machines for central banks around the world.
"The joint project is expected to bring a huge paradigm shift to the existing password-based authentication systems," said the official.
In a statement, Samsung SDS also said it has signed deals with a British telecommunications company over establishing a FIDO-based mobile cloud network system. The company, however, did not unveil the name of the company, citing terms of the contract.
The FIDO-based system will allow the mobile carrier to offer an industry-leading level of security and reduce its operating costs by helping the firm manage its existing security systems more efficiently, Samsung SDS said.
Both parties will begin their joint business applying the project for the country's public state-run organizations. They will then extend the service coverage into the financial and private sectors, according to Samsung SDS.
Samsung SDS President Hong Won-pyo said: "The latest achievements clearly reflect that our mobile security expertise is being acknowledged by growing numbers of renowned European companies."
"We are going to strengthen our global profile by taking advantage of our recent partnerships with financial and banking leaders in Europe," he added.
In May, Samsung SDS forged a partnership with EdgeVerve, an India-based global banking service market leader. The company, better known for its core banking product Finacle, has more than 540 million users in over 80 countries around the world.
Samsung SDS is pushing to expand in Europe by signing partnerships with globally-renowned financial companies to supply them with its mobile security systems.
The Internet technology affiliate of Samsung Group said Wednesday that it agreed with the British financial firm Barclays to jointly develop digital banking services.
Under the deal, Samsung SDS and Samsung Electronics will provide their mobile security systems to the banking company.
In particular, Samsung SDS plans to share its security expertise with the Fast Identity Online (FIDO) biometric recognition system. The FIDO office security system, which gained the spotlight at this year's Mobile World Congress (MWC) in February, uses fingerprint and facial recognition technology to offer the highest-level of security for corporate clients.
Samsung Electronics, for its part, also plans to provide its Knox mobile security platform. The company embedded the security system into its flagship handsets ― including Galaxy S7 and Galaxy Note 7.
Expectations are that the latest deal will allow the two Samsung affiliates to expand their security-related global profile into the lucrative business-to-business (B2B) sector in Europe.
"We have had a strong foothold in the mobile security industry in the United States, but our recent achievement will further boost our expansion into the European market," a Samsung SDS spokesman said.
The company also said it has partnered with German-based banknote and security systems provider Giesecke & Devrient (G&D) over jointly developing authentication for mobile devices. G&D, headquartered in Munich, has expertise in banknote printing and supplies security papers and machines for central banks around the world.
"The joint project is expected to bring a huge paradigm shift to the existing password-based authentication systems," said the official.
In a statement, Samsung SDS also said it has signed deals with a British telecommunications company over establishing a FIDO-based mobile cloud network system. The company, however, did not unveil the name of the company, citing terms of the contract.
The FIDO-based system will allow the mobile carrier to offer an industry-leading level of security and reduce its operating costs by helping the firm manage its existing security systems more efficiently, Samsung SDS said.
Both parties will begin their joint business applying the project for the country's public state-run organizations. They will then extend the service coverage into the financial and private sectors, according to Samsung SDS.
Samsung SDS President Hong Won-pyo said: "The latest achievements clearly reflect that our mobile security expertise is being acknowledged by growing numbers of renowned European companies."
"We are going to strengthen our global profile by taking advantage of our recent partnerships with financial and banking leaders in Europe," he added.
In May, Samsung SDS forged a partnership with EdgeVerve, an India-based global banking service market leader. The company, better known for its core banking product Finacle, has more than 540 million users in over 80 countries around the world.
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