Played a Key Role in Acquiring Electronic Signature Certification Provider in the Financial Sector
Secured NH Nonghyup Bank Following Shinhan Bank
Providing Core Solutions for Government-Led Public Certification and MyData Projects
[Asia Economy Reporter Park Hyungsoo] As NH Nonghyup Bank accelerates its acquisition of electronic signature certification operator qualifications, Aton continues its role as a leading private certification solution provider in the financial sector. This is Aton's second major achievement, following its key role in Shinhan Bank being recognized as the first electronic signature certification operator in the financial sector.
Fintech security company Aton announced on the 15th that it has signed a supply contract for its private certification solution ‘mPKI’, based on white-box encryption technology, for the NH Nonghyup electronic signature certification system construction project.
Aton will support NH Nonghyup Bank in expanding related businesses by acquiring electronic signature certification operator qualifications, enabling the bank to provide customers with easy and convenient authentication services. The project is scheduled to be completed by February next year.
Aton will provide NH Nonghyup Bank with a solution applying PKI-based certificates to its software-type storage medium ‘mSafeBox’, the first of its kind developed domestically. This is a private certification solution mainly adopted by financial institutions to establish an electronic signature system that replaces the public certificate.
The movement by financial institutions and big tech companies to acquire electronic signature certification operator status is significant in that it obtains authorization from a credible government agency (KISA) for private certificates following the abolition of the public certificate. It is an essential element for government-led public sector simple authentication and MyData integrated authentication services.
Aton provides private certification solutions across the financial sector. Along with the achievement of Shinhan Bank’s acquisition of electronic signature certification operator status, and the subsequent contract with NH Nonghyup Bank, Aton is emerging as the most critical solution provider in the private certification market after the abolition of the public certificate.
Kim Jongseo, CEO of Aton, said, "Aton’s experience and technical know-how in providing private certification solutions across the financial sector have translated into benefits for Aton amid the expansion of the certification market." He added, "With more opportunities arising for protecting individual data sovereignty and authentication through the acquisition of electronic signature certification operator status and related MyData businesses, Aton’s role is expected to increase."
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