Hancom Secure, an integrated information security company, announced on January 28 that it signed a strategic business agreement with Octaco to expand its biometric authentication business.
Through this agreement, both companies agreed to establish close cooperation by linking Hancom Pass, which is a solution for FIDO2 server authentication of Hancom, and Octaco’s biometric authentication technology. FIDO2 is an international standard that carries out user authentication by using biometric technologies such as fingerprint, iris, and vein without entering information in an online environment. Hancom Secure has been focusing on bio-certification business as its new driving force for growth. Its strategy is to expand its scope to PC biometric authentication market based on supply references to many financial institutions and public institutions that are secured with mobile biometric authentication solution XecurePass.
Octaco, which specializes in biometric authentication, has major technologies such as fingerprint recognition algorithms, sensors, iris recognition and others, and is currently being applied to health insurance anti-corruption, personal authentication of medical personnel, and overseas resident registration businesses.
“As a first-generation security company, Hancom Secure will establish diverse partnerships and increase its competitive edge in technology to lead the next-generation biometric authentication market.”
CEO Noh Yoon-sun of Hancom Secure.
