Shinhan Bank Implements 'Sol Authentication' for Customer Convenience and Security

Introduction of In-House Electronic Signature for Easy Login Users Including Auto Login, Fingerprint, and Pattern

[Asia Economy Reporter Park Sun-mi] Shinhan Bank announced on the 10th that it will implement its own electronic signature, ‘SOL 인증 (SOL Certification),’ to enhance customer convenience in accordance with the revision of the Electronic Signature Act.

SOL Certification is an in-house electronic signature that allows customers to authenticate themselves using the login methods they have registered on SOL, such as fingerprint, pattern, or biometric authentication, for tasks requiring electronic signatures.

SOL Certification has been initially applied to certain services including ▲non-face-to-face consent for mistaken remittance refunds ▲open banking account registration and settings ▲Gold and Silver Banking SMS registration cancellation ▲Gold and Silver Banking deposits, and it will be expanded to other services that require the joint certificate (formerly the public certificate).

Additionally, existing users of simple login can use the service without any separate procedures, and a notable feature is that there is no expiration period for the certification.

Meanwhile, starting today, the joint certificate (formerly the public certificate) and the Financial Authentication Service certificate issued by the Korea Financial Telecommunications & Clearings Institute can be used on Shinhan SOL and Shinhan Bank internet banking. The Financial Authentication Service certificate is a new authentication method that complements the shortcomings of the public certificate, offering superior security and user convenience.

A Shinhan Bank official stated, "In preparation for the post-public certificate era, we planned the SOL Certification service, an in-house electronic signature authentication method that considers customer convenience and security. Along with the Financial Authentication Service certificate, we will advance SOL Certification to acquire electronic signature authentication business licenses and develop it for use as an authentication method by other institutions."