Winningi Co., Ltd. (CEO Wooyoung Jeong) participated in the ‘2023 World IT Show (WIS 2023)’ held at COEX in Seoul from Wednesday, April 19th to Friday, April 21st.
Winning Eye is a financial security biometric authentication development company that provides non-contact fingerprint and palm print biometric technology services, which are original patented technologies. We have jointly developed a software-type biometric authentication method with the Korea Financial Telecommunications and Clearings Institute and are providing the service to general customers, starting with major financial institutions, insurance companies and securities firms. In addition, the fingerprint authentication electronic signature solution is being supplied to large domestic insurance companies such as Samsung Life Insurance, Hyundai Marine & Fire Insurance, Meritz Fire & Marine Insurance, DB Insurance, and Hanwha Insurance, and the official explains that it is being gradually introduced in recognition of its technological prowess.
We are working on technology development to convert and supply Winning Eye’s technology, which was previously B2B, to B2B2C, and we participated in this exhibition to introduce and prove this technology to many visitors and participating companies.
While introducing non-contact fingerprint recognition technology and non-contact palm print recognition technology at the exhibition, a demonstration program was also prepared so that visitors could see and experience the biometric recognition technology with their own eyes.
Winning Eye’s 2-factor authentication solution using non-contact biometric authentication solves and complements the vulnerabilities and problems of existing authentication methods. Its recognition and performance have already been verified by the Korea Financial Telecommunications and Clearings Institute, its non-repudiation effect is excellent, and its strengths include that there is no risk of loss as it cannot be shared or proxy certificated. Winning Eye emphasized that it is an authentication method that satisfies both convenience and security because it is a biometric authentication that is compatible with devices and does not require renewal or re-registration after initial registration.
Above all, a WinningEye official said, “We are receiving great response from our customers in that we have simplified the re-issuance process and the administrator’s work system required when the user’s certificate and password are lost when operating an existing VPN through ‘AeroxSignLoc’ and eliminated concerns about loss. “He said.
He continued, “We have developed a software-type non-contact biometric authentication technology to enable users to use biometric authentication services without discrimination, including device (AOS, iOS), skin condition, and hardware. “In the case of existing biometric technology, a specific sensor or module must be used for recognition, and the technology introduction and maintenance costs were very high,” he said. “Winning Eye aims to overcome these problems and provide better biometric recognition technology by developing a software-type biometric recognition technology.” Technology development was successful. “In the future, we expect to be able to provide biometric authentication services anytime, anywhere, regardless of device, by utilizing the cloud platform,” he said.
In recognition of these technological capabilities, △AEROX SDK customization agreement and purchase intent MOU agreement with Vietnam’s VNPAY (May 2019) △AEROX SDK license agreement for developers with Indonesia’s RUPI and Vietnam’s VNPAY (December 2018) △Vietnam ODA project; We achieved overseas sales success, including supplying the National Police Agency’s footprint search system and footprint search algorithm (June 2018).
In addition, △ Signed an agreement with one VAR (Value Added Reseller) company in 11 countries on the African continent (from January 2022) △ Signed a dealership agreement with one company from 2 countries, Indonesia and Australia (~ September 2021) △ Singapore, Vietnam, and the UK Partnerships with overseas companies are also continuously being concluded, such as signing a VAR (Value Added Reseller) agreement with one company from three countries (until September 2021).
WinningI also announced that it plans to open an SDK purchase website to sell solutions in order to reduce the time and steps required to purchase solutions and to introduce technology more effectively and quickly. Organizations, companies, and personnel in need of biometric authentication can select the required biometric authentication method (1 Finger, Multi-finger, Palmprint) on the site and select options to operate each authentication method according to their work environment.
Regarding this, an official said, “Developers can freely develop services using WinningEye’s non-contact biometric recognition technology, which can effectively save the cost and time required for introduction and construction when introducing new technology.”
Meanwhile, the ‘World IT Show’, a one-stop platform for digital transformation, is a representative exhibition leading the next-generation high-tech industry. The 2023 World IT Show, with the slogan ‘Changing our life, K-Digital’, will feature ▲AI platform, Internet of Things (IoT), cloud, and ICT convergence services ▲Smart home, office, and home appliances. and smart healthcare ▲Intelligent mobility and robots such as autonomous driving, UAM, drones, etc. ▲Digital Twin & Metaverse (XR technology) ▲Cloud and software ▲Security software & Blockchain (NFT) ▲The latest technologies and products in the field of quantum information science Exhibited and introduced. In addition, the ‘WIS 2023 Innovation Award’ and the ‘2023 Korea ImpaCT-ech Grand Prize’ were awarded to the technologies and products that attracted the most attention among participating companies.