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.
Go deeper with GlobalData
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.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
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.”
