English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 27 August 2020, 02:00 HKT/SGT
Share:
    

Source: ROWEM Co, LTD
Integrated Authentication Platform Startup Rowem Goes Global with Its Key Security Technology Post-Corona

SEOUL, S.KOREA, Aug 27, 2020 - (ACN Newswire) - The recent corona virus has given way to significant growth in the 'contactless digital infrastructure industry' and various countries have also been releasing relevant policies under the name 'New Deal'. Major countries worldwide have been calling for the digitization of SOCs and are encouraging the growth of such technologies - ABCD5G (AI, Blockchain, Cloud, Data, 5G).

However, as the world becomes a digitally 'hyperconnected' society, a gigantic IT system is created but is vulnerable to attack. Thus, security has become an issue so important that it can determine a company's success, with digital security and privacy expected to face an even bigger challenge in the coming years.

In accordance with this trend, Rowem, an integrated authentication platform startup specializing in user security, held a conference at the 63 Building in Yeouido, Seoul, on August 20th regarding 'the South Korean IT industry's Proposal for the Post-Corona Era'. This conference was co-hosted by FPT Information System, a subsidiary of Vietnam's largest IT company, FPT Group, with specialists from China, Hong Kong, South Korea, and the United States in the audience.

South Korea's primary authority on blockchain research and professor at the Department of Computer Science in Korea University, Hoh Peter In, stated in his opening remarks that "COVID-19 is speeding up the world's hyper digital transformation", and that "companies who cannot adapt to this change will be driven out with only the adopters remaining."

First speaker Edward KH Chang, senior vice president of the Korea Public Diplomacy Association (KPDA), introduced South Korea's New Deal policy by saying that "South Korea has achieved remarkable outcomes with its efficiency based fast follower strategy," and emphasized that "It needs to seize the opportunity to become the First Mover now while the door to the Fourth Industrial Revolution is open."

Chinese People's Political Consultative Service (CPPCC) member Dr. Johnny Ng and the State Council's Chinese Academy of Sciences (CAS) professor Xianhua Wei illustrated the changes that China's financial innovation and e-commerce sectors have undergone and anticipated the emergence of new business models and opportunities.

Emanuel Pastreich, president of the Asia Institute, explained how the protection of personal information has become even more important amid a rapid increase in demand for cloud technology. Chair-professor at Handong University, Seung ho Tak, also insisted on new standards tailored to a new era.

The closing address was given by Rowem CEO, An Taeho, where he stated, "The key takeaway from the changes that various countries' specialists have brought up is the authentication technology involved in security," and that "both the convenience that consumers seek and the security that service providers pursue have to be realized."

Established in the year 2012, South Korea's leading security certification technology company, Rowem, rose to prominence with its development of 'PASSiKEY', a service that simplified the various and cumbersome online identification steps using a four-digit passcode or the user's biometric authentication by supporting 2 factor and 2 channel authentication techniques at the same time.

PASSiKEY is a mobile application providing convenient authentication and payment methods through the user's mobile device and can be accessed on both domestic and global websites that support the service. Its convenience comes from a simple authentication method (a four-digit passcode or biometric identification) that can be used for registration, sign ins, payment, etc.

Even with a four-digit code, the user's security is not compromised in any way. Here, a randomized 16-digit converter is applied to eliminate any risk of phishing or hacking.

Moreover, because the user's information is again verified by a partner company after PASSiKEY's authentication, service providers can expect a secondary authentication through PASSiKEY's API alone.

CEO An further stressed, "As more companies go online and become digitized, security is most in demand and in this regard, companies that adopt PASSiKEY for free are guaranteed the best security service for no additional charge."

As for the strength of its security, Rowem's simple authentication technology has been recognized by the South Korean Financial Supervisory Service (FSS) as an alternative to public key certificates.

Major financial institutes in South Korea such as KB Securities, Yuanta Securities, Meritz Securities, Hyundai Marine & Fire Insurance, and Shinhan Bank have all adopted Rowem's authentication technology making sign ins and transfers possible through a four-digit passcode while enhancing user convenience as well as security.

In 2018, Rowem was recognized as an official member of Telecom Council, whose members include global telecommunication service providers such as Samsung, LG, Verizon, BT Group, Motorola, Intel, Qualcomm, Amazon, Nokia, SoftBank, Deutsche Telekom, Huawei, etc.

To fully commercialize PASSiKEY, Rowem has released a free PASSiKEY API through its Developer Center (https://developer.passikey.com/en), allowing service providers to enter the PASSiKEY platform.

Media Contact
Company: ROWEM Co, LTD
Contact: Media Team
Tel: +82 02 2103 5116
Fax: +82 02 2103 5138
Email: [email protected]
Web: https://global.rowem.com/en/

Topic: Press release summary
Sectors: Cloud & Enterprise, CyberSecurity, FinTech & Blockchain
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Latest Press Releases
Post Bank launches JCB merchant acquiring operations  
Nov 25, 2020 15:00 HKT/SGT
Brawijaya University develops GAD65 Rapid Test Diabetes Screening Kit  
Nov 25, 2020 14:00 HKT/SGT
Trintech Client ABB Named Winner in 13th Annual Ventana Research Digital Leadership Awards  
Nov 25, 2020 11:03 HKT/SGT
Fujitsu Rolls Out New Online Medical Solution to Drive Digital Transformation in Hospitals and Clinics  
Nov 25, 2020 09:26 HKT/SGT
AppsFlyer Launches 19th Global Office in Sydney to Tap on ANZ's AUD7.79 Billion Mobile Marketing Potential and Thriving Local App Industry  
Nov 25, 2020 06:00 HKT/SGT
Trintech Announces the Expansion of Its Executive Team with the Addition of a Chief Human Resources Officer  
Nov 25, 2020 00:00 HKT/SGT
VaultSwap Announces Its Token Sales and Exchange Listings  
Nov 24, 2020 23:00 HKT/SGT
AppsFlyer Exceeds $200 Million in ARR, Sets Sights on Shaping Future Marketing Tech Stack; Opens New Office in Australia  
Nov 24, 2020 21:00 HKT/SGT
Eco Asia Conference highlights green opportunities  
Nov 24, 2020 18:00 HKT/SGT
Redsun Services is Selected as a Constituent Stock of FTSE Global Micro Cap ex US Index  
Nov 24, 2020 15:50 HKT/SGT
More Press release >>
 Events:
More events >>
Copyright © 2020 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6653 1210 | Tokyo: +81 3 6859 8575