'Easy with Pass' NH Nonghyup Bank Signs Business Agreement with Telecom Companies and Aton

On the 9th, at the NH Digital Innovation Campus located in Seocho-gu, Seoul, (from left to right in the photo) LGU+ Group Leader Choi Soon-jong, NongHyup Bank Digital Finance Division Vice President Lee Sang-rae, SK Telecom Executive Director Oh Se-hyun, and Aton CEO Kim Jong-seo are posing for a commemorative photo after the signing ceremony.

[Asia Economy Reporter Jo Gang-wook] NH Nonghyup Bank announced on the 13th that it signed a business agreement to strengthen non-face-to-face services using the PASS app with a mobile carrier and fintech security company Aton at the NH Digital Innovation Campus located in Seocho-gu, Seoul.

Through this agreement, Nonghyup Bank expects to significantly improve the convenience of membership registration and authentication procedures on its mobile platform ‘All One Bank’ by introducing the integrated authentication platform PASS from the mobile carrier, thereby providing better services to customers.

The main contents of the agreement signed on the 9th are ▲ providing PASS certificates and easy login on All One Bank ▲ promoting Nonghyup Bank financial products on PASS ▲ proactive response to the passage of the full revision of the Electronic Signature Act ▲ creating a win-win business model between banks and telecom companies.

In particular, the partners plan to proactively respond to the ‘Digital New Deal policy,’ which will eliminate the exclusive status of certified certificates starting December 10, following the full revision of the Electronic Signature Act passed in the first half of this year, and to solidify their position as leaders in the ‘next-generation authentication service’ market through collaboration between finance and telecom companies.

Lee Sang-rae, Vice President of the Digital Finance Division at Nonghyup Bank, said, “We signed this agreement to provide customers with more convenient financial services,” adding, “Through new challenges such as cross-industry partnerships, we will provide differentiated value to customers and continuously create various win-win business models.”