Woori Bank Introduces Fingerprint Authentication at 256 Overseas Branches to "Strengthen Internal Controls"

Woori Bank announced on the 1st that it has established a fingerprint authentication system in the bank's computer program used by overseas branch employees to strengthen internal controls. Woori Bank is the first among commercial banks to implement a fingerprint authentication system in the computer program for overseas branch employees.

With employees able to log in to the computer system and approve tasks using their own fingerprint authentication, Woori Bank can proactively respond to financial incidents such as unauthorized access and task delegation among employees. This fingerprint authentication system incorporates new technology that encrypts and manages information within the fingerprint recognition device.

Starting with Bahrain on the 17th, Woori Bank has completed the introduction of the fingerprint authentication system at 10 branches so far (Bahrain, Tokyo, Sydney, Hong Kong, Singapore, Dubai, India, New York, LA, London). By the end of this year, the system will be expanded to the Philippines corporation, Bangladesh regional headquarters, and European corporation, and by the first half of next year, the fingerprint authentication system will be implemented at all branches of the Indonesia, Vietnam, and China corporations.

A Woori Bank official stated, “With the establishment of this fingerprint authentication system, we can implement strengthened internal controls at overseas business sites at the same level as domestic ones,” adding, “As the first commercial bank to undertake this project, we will successfully complete the follow-up schedule, present a unique success model for Woori Bank, and provide better financial services.”