Hancom With is expanding its business in the financial sector by supplying a face recognition solution to NH Nonghyup Property & Casualty Insurance.
On the 29th, Hancom With announced that it has signed a contract with NH Nonghyup Property & Casualty Insurance to supply 'Hancom Auth (Hancom Auth)', a face recognition solution for remote identity verification.
Hancom With supplied Hancom Auth to Woori Investment & Securities in the second half of last year and to InaPay, a specialized overseas remittance company, in the first half of this year. Through this contract, it has expanded its customer base from securities and overseas remittances to the insurance sector.
Hancom Auth is a solution that verifies identity by comparing a user's facial photo or video taken with a smartphone against an ID card photo. It is utilized in financial services requiring electronic customer verification (eKYC), such as remote account opening and remittances.
As attempts to bypass face recognition using synthetic images generated by generative AI, deepfake videos, and three-dimensional (3D) masks have become more sophisticated, the importance of face forgery detection technology is also growing.
Hancom Auth applies a 'passive liveness' method that determines whether a person is real without requiring users to perform separate actions such as blinking or turning their head. It is explained that this allows for the detection of forgery attempts using photos or videos while maintaining user convenience.
Hancom Auth has obtained 'iBeta PAD Level 2' certification, which evaluates face forgery detection performance. It also passed the Remote Identity Verification Technology Evaluation (RIVTD) and a performance evaluation for bio-information distributed management by the Financial Settlement Corporation.
Hancom With conducted technical verification (PoC) with customers, simulating various attack scenarios including printed facial photos, paper and 3D masks, digital photos, and videos.
Song Sang-yeop Han Keom-wi-deu (CEO) stated, "Based on face forgery prevention technology objectively verified domestically and internationally, we will enhance the security and user convenience of remote financial services."
in TECH
