[Asia Economy Reporter Yoo Hyun-seok] The stock price of Secuve is soaring day by day. The abolition of the public certification system after 21 years is driving the stock price increase due to expectations of benefits.
As of 10:55 a.m. on the 26th, Secuve was trading at 2,195 won, up 17.69% (330 won) compared to the previous trading day.
Secuve, which independently developed biometric handwritten signature authentication technology, has consecutively obtained patents in the United States this year. This technology is applied to ‘SecuSign,’ a behavior-based handwritten signature authentication solution nurtured as the next growth engine. It can be applied to security, authentication, and fintech solutions and services.
SecuSign is a biometric handwritten signature recognition technology that authenticates the user by analyzing the characteristics of the act of signing by hand. By obtaining patents in the United States, Secuve has been recognized for the originality of its biometric handwritten signature technology in overseas markets as well.
Secuve also obtained domestic patents for an original multi-modal biometrics technology that simultaneously performs facial recognition and handwritten signature authentication, and a deep learning-based biometric handwritten signature authentication technology that minimizes false acceptance rates of others and false rejection rates of the user in dynamic behavior-based handwritten signatures.
Secuve developed the O2O mobile payment platform ‘Secuve LPay’ applying SecuSign. There are various application fields where SecuSign can be applied, such as identity verification, electronic documents (electronic contracts), online banking, simple payments, and fintech.
Last year, Secuve’s sales and operating profit surged by 11.7% and 118.2%, respectively, compared to the previous year. Expectations are growing that the abolition of the public certification system will accelerate the trend of performance improvement. The company cited strengthened technological competitiveness and increased product awareness as reasons for last year’s performance improvement.
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