Raonsecure FIDO-certified biometric technology to run on Infinitum authentication platform
Korean biometric system developer Raonsecure has signed an agreement to supply its Fast Identity Online (FIDO) certified solution to Malaysian online payment firm Infinitium from next year, according to a report by The Investor.
The companies said the partnership will combine Raonsecure’s biometric authentication expertise with Infinitium’s electronic payment services in the Southeast Asian region where Infinitium has 200 million users.
Raonsecure’s technology, TouchEn OnePass, will be operating on Infinitum’s authentication platform that authenticates the user’s identity using their fingerprint, voice or face biometrics in mobile payments.
The integrated solution will improve Infinitium’s two-factor authentication (2FA) products and extend its strong authentication capabilities.
“As the leading provider of FIDO-based biometric solution in Korea, we are pleased that this alliance has forged important collaboration of best practices that enables Raonsecure to expand our regional market reach,” Lee Soon-hyung, CEO of Raonsecure. “The purpose of FIDO-based biometric authentication is to increase the level of security for both the relying organization as well as the end-user, with an added benefit of providing consumers with greater convenience and user experience.”
The partnership will deliver a range of services to customers, the first of which will be offered as early as the first quarter of 2018.
“Our collaboration will allow us to improve technology solutions such as Infinitium’s two-factor authentication product with Raonsecure’s biometric platform to enhance security and protect the financial information and identity of consumers,” Ho Ching Wee, CEO of Infinitium, said. “By adding a third authentication factor of “who you are”, this will arm financial institutions and users with the ability to utilize biometrics in multi-factor authentication for faster and more secure identity verification process. This is expected to propel the adoption of biometrics within the regional markets, and further deepen Infinitium’s already established market footprint of more than 40 banks and over 180 million cardholder base within Asia.”