Raonsecure announced on the 16th that it has signed a contract to supply its biometric authentication solution TouchEn OnePass to Japan's Sumishin SBI Net Bank and NeoBank Technologies. The scale of this contract is approximately 3.57 billion won, which corresponds to about 7% of Raonsecure's total revenue last year.
TouchEn OnePass is a cloud subscription service based on biometric authentication technology (FIDO). It supports easy authentication and non-face-to-face identity verification by utilizing various biometric data such as fingerprints, iris, voice, and facial recognition. This service can be applied in various fields, including banking, easy payments, gaming, and portal identity verification.
Raonsecure noted that since launching this service in Japan in June, its monthly active users (MAU) have exceeded 5 million.