kakaobank, a South Korea-based internet-only bank, has deployed whiteCryption’s application protection technology to enhance security features of mobile banking apps.
The deal enables the Korean bank to offer more security to internet banking mobile apps on Android and make financial transactions more secure.
The bank will make use of whiteCryption’s Secure Key Box to protect users data from getting hacked and protect cryptographic keys.
whiteCryption is a subsidiary of Silicon Valley-based Intertrust Technologies. It offers software protection services and is specifically designed for mobile and IoT devices.
Kakao Corporation is one of the major shareholders of kakaobank and has more than 42 million users on its mobile messaging platform.
kakaobank official Chris Ha said: “Protecting our customers’ personal information and financial transactions is the most important thing to us.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“Since our whole banking operation depends on mobile apps as the transaction point, we sought the best app protection in the world to do this and settled on whiteCryption’s product.”
Intertrust country manager for Korea Hans Kang said: “We’re honoured that kakaobank chose whiteCryption as their app shielding solution and look forward to protecting their apps with our superior app security.”