South Korea’s Institute of Financial Telecommunications and Clearing (KFTC) has entered into a commercial agreement with nine financial companies and the Korea Airports Corporation to bring its new biometric registration system to 14 gateways across the country.
First announced in May 2021, the pilot programs have shown that the use of biometrics significantly reduces check-in times, with baggage check-in through passenger identification processes taking just five to six minutes. .
The new deal will now allow passengers to register for the palm vein biometric system at a bank branch before arriving at the airport, unlike the previous deal, which saw them register on arrival .
Just like in the original pilot, after enrolling their biometrics, passengers will be able to travel without having to present passports or other traditional IDs.
According to the Korea Herald, which reported on the new deal, the nine companies participating in it are KB Kookmin, Woori, Shinhan, NH NongHyup, DGB Daegu Bank, Hana, local agricultural and livestock cooperatives, Saemaeul Geumgo and the National CreditUnion. Federation. KFTC is a non-profit institution responsible for supporting the country’s financial information network.
The biometric registration service is currently only available to Korean citizens who hold bank accounts with financial companies that have signed the agreement.
According to the KFTC, the total number of citizens in the country using biometrics for financial services is currently around six million.
The new contract comes amid a digitalization push in South Korea. Last month, for example, global business expansion accelerator Born2Global (operated by the Ministry of Science and ICT) selected Winning.I to support the growth of its contactless mobile biometrics.
airports | biometrics | identity verification | palm biometrics | palmar vein | passenger processing | South Korea