Naver Cloud announced on the 18th that it was selected as a business operator to build the ‘My Data Integrated Authentication Relay System’ by the Financial Security Institute.
Naver Cloud and business data platform company COOCON plan to build a relay system required for authentication in the form of a cloud-based API platform.
The MyData integrated authentication relay system is a method of relaying authentication information that needs to be transmitted between the MyData information provider and the certification agency. The existing My Data integrated authentication had the inconvenience of requiring information providers (including relay agencies) and certification agencies to link their respective authentication methods in the process of using private authentication methods. As the demand for private certificates increased due to the expansion of the My Data business, the need to introduce a relay system that could reduce time and cost burden was raised. Accordingly, the Financial Security Institute decided to build a cloud-based relay system that can effectively manage large-scale authentication traffic.
When an integrated authentication relay system is used, multiple authentication methods are linked just by the information provider (relay agency) and certification agency linking the relevant systems once. When adding a certification agency, no separate linkage is required, and information providers and relay agencies can provide a new integrated authentication method through the relay system.
After the announcement of the project, domestic and foreign cloud service providers showed great interest, but as a result, Naver Cloud met all the requirements of the Financial Security Institute and was selected as the final business operator. Naver Cloud has formed a consortium with Cucon, a leading data platform company that has focused on data collection and connection for the past 15 years, and has increased its competitiveness as a MyData integrated authentication relay system operator.
Lim Jeong-wook, director of public and financial sales at Naver Cloud, said, “The fact that Naver Cloud has joined us in building this relay system means that we have been recognized for the technology and know-how we have accumulated through our experience in building financial clouds.” He added, “Naver Cloud’s professional infrastructure design and operation. “We will build a stable integrated authentication relay system by leveraging our experience and flexible traffic management experience,” he said.
Meanwhile, the integrated authentication relay system is scheduled to be officially operated after pilot operation in September this year.
Source: Pangyo Techno Valley Official Newsroom
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