RaonSecure Accelerates Security Leadership with Internal Control Innovation Using Biometric Authentication Solution 'OnePass'

RaonSecure is accelerating the expansion of its leadership in the security market, driven by the increasing demand for innovation in internal control systems within the financial sector.

IT security and authentication platform company RaonSecure (CEOs Lee Soon-hyung and Lee Jung-ah) announced on the 28th that it is strengthening its dominant position in the biometric authentication (FIDO) solution market by continuously securing projects for internal control innovation in the financial sector, centered on its biometric authentication-based solution, OnePass.

Recently, there has been a rapid increase in financial sector clients considering the adoption of RaonSecure’s OnePass. This trend is closely related to the stance of financial authorities. Previously, the Financial Supervisory Service announced the ‘Domestic Bank Internal Control Innovation Plan’ to prevent financial accidents and established regulations for bank system access control. Subsequently, the Financial Security Institute published the ‘Financial Sector Biometric Information Authentication and Management Guide,’ presenting security measures for the safe application of biometric authentication in the financial sector. As a result, demand for biometric authentication platforms is rising in the financial sector, and expectations for RaonSecure’s security business, which leads global FIDO (biometric authentication) technology, are growing even stronger.

Supported by this, OnePass’s sales increased by approximately 20% year-on-year last year. Over the five years since 2018, OnePass has maintained a steady annual sales growth rate of over 10%, and last year’s sharp growth is expected to further boost sales driven by the demand for internal control innovation.

In fact, RaonSecure recently announced the successful launch of a ‘personalized authentication system’ for internal control innovation at DGB Daegu Bank. DGB Daegu Bank undertook this project to comply with the Financial Supervisory Service’s compliance requirements aimed at preventing financial accidents caused by insiders exploiting vulnerabilities in ID and password methods, to strengthen internal control over access to business systems to prevent financial accidents in advance, and to realize the next-generation login method, ‘Passwordless,’ through the introduction of a biometric authentication system. In addition to DGB Daegu Bank, RaonSecure is actively conducting internal control innovation projects with numerous other financial sector clients. These clients plan to build an enhanced integrated authentication platform within their internal systems centered on RaonSecure’s biometric authentication-based solution, OnePass.

OnePass is RaonSecure’s multi-channel authentication platform, the first in the world to obtain certification from the FIDO Alliance, and has been adopted by more than 1,000 domestic and international clients. It is used by various clients including financial sector customers such as banks, securities, and insurance companies, as well as public institutions, educational institutions like universities, portal sites, and companies requiring employee authentication. It is the number one solution in the domestic market with numerous references for enhanced user authentication and secondary authentication within the financial sector. OnePass provides an integrated platform that verifies access rights and personal identification through Windows login, key business system integration, and biometric information such as facial and fingerprint recognition, supporting strengthened authentication for internal control innovation and zero-trust implementation. It is optimized to comply with the Financial Supervisory Service’s guidelines and meet banks’ requirements.

Meanwhile, in addition to OnePass, RaonSecure’s other security solutions optimized for internal control innovation and zero-trust environment implementation are also accelerating sales growth. The integrated mobile management solution for smart work, OneGuard, recorded an average annual sales growth of about 25% over five years from 2018 to last year, and the integrated account privilege management platform, TouchEn Wiseaccess, also achieved an average annual sales growth rate of over 15% during the same period, steadily expanding its leadership in the security market.

Furthermore, RaonSecure is actively strengthening its capabilities in the post-quantum cryptography (PQC) sector, which is expected to lead the next-generation security paradigm. In November last year, RaonSecure signed a business agreement with Cryptolab, a PQC specialized company holding original patents for homomorphic encryption technology. Under this agreement, the two companies will jointly develop new products and services based on post-quantum cryptography and homomorphic encryption. They also plan to accelerate research and development of security technologies incorporating generative AI.

RaonSecure CEO Lee Jung-ah stated, “Leveraging the trust and technological capabilities we have built in the security market, we will continue meaningful growth by innovating internal controls with our financial sector clients.” She added, “With a solid position established over more than a decade in the security market, combined with rapid adoption of next-generation core technologies such as generative AI security, post-quantum cryptography, and homomorphic encryption, we will continue to expand our leadership in the security market.”