FinovateAsia 2016 / eSTORM

Presenter Profile:

How they describe themselves: eSTORM has 17+ years of business history and the major business areas are mobile M2M business and financial industry solutions.

From 2013, we have been developing the innovated authentication solution funded by government.

We have got honored awards from the Korean Internet Award in 2014 and UK Fintech Innovation Award in 2016 with DualAuth Solution.

How they describe their product/innovation: All of previous authentications were focusing on “User Authentication” but we have designed and implemented brand new concept of “Service Authentication”. If a user meets fraud site likely MITM Attack, people will be stolen their credentials only with User Authentication. 2-step verification by SMS/Voice is an unsafe method because of mobile vulnerability and call forwarding. Therefore, we introduced the Mutual Authentication that Verifying the Service by the user prior to the User Authentication. Self-innovated context based User Authentication is using and certified solutions like as FIDO can be used for the User Authentication. This solution is a great alternative of 2-Step Verification and no password will make your life easy.

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through other fintech companies and platforms, licensed


Bus. Dev.: BongHo Kang (SVP)
Press: HeeJun Shin (Manager)

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