The Korea Financial Telecommunications & Clearings Institute (CEO Kim Hak-soo) said it will establish itself as a “representative financial certification center” that protects people’s precious financial assets by providing comprehensive certification services with convenience and reliability based on the passage of the revision bill to the Electronic Signature Act.
With the revision of the law, the Korea Financial Telecommunications & Clearings Institute is jointly preparing with banks to implement a new certificate service that customers can use safely and easily in line with the implementation of the law.
In addition, the government plans to provide support for stable use of previously issued official certificates and to minimize confusion among customers and strengthen continuity of use of certification services by preparing a system that can easily be converted into a new certification service in line with the enforcement of the Act.
The Korea Financial Telecommunications & Clearings Institute plans to expand the scope of its certification infrastructure provision by establishing a system that allows various user institutions, including banks and FinTech companies, to quickly and easily use authentication services through standard methods (API) so that customers can log in, identify, agree to terms and conditions, and agree to withdraw money from various areas without any blockage with the Korea Financial Telecommunications & Clearings Institute’s certification service alone.
In addition, the company plans to establish an intelligent authentication data management system that can keep customers’ financial assets safer by providing services that can inquire their certification history, analyzing usage patterns based on their certification data, and guiding them to registered customers’ terminals if they suspect illegal use or theft of certificates.
The Korea Financial Telecommunications & Clearings Institute announced that it will gather all of its experience in certification services and technical capabilities to transform itself into a representative financial certification center.
Kim Hak-soo, president of the Korea Financial Telecommunications & Clearings Institute, said, “We will enhance the convenience of the people and support the development of the Untact industry in the post-Corona era through innovative changes to the financial certification center that conforms to the government’s policy direction to improve the competitiveness of the certification industry.”