SSenStone (http://ssenstone.co/main_en.do) announced on April 12 that the company was notified of Japan’s and Singapore’s decisions on approving and registering patents on "security-enhanced user authentication method" respectively.
The patented technology related to user integrated authentication technology is characterized by the feature that the technology can significantly ramp up user convenience, saving users a lot of introduction cost while maintaining strong security even when user information is leaked.
The patent has been registered in six regions – South Korea, the USA, China, Europe, Japan and Singapore. The patent registration in Japan and Singapore demonstrated SSenStone’s technical superiority in user authentication technology not only in Korea but in Japan.
The decisions on the patent in Japan and Singapore are expected to empower SSenStone to accelerate its expansion in the Asian market. SSenStone was selected as the representative Korean company at the FIBC, the biggest fintech conference in Japan in March this year and since then, has been negotiating about providing consulting on iSiD’s financial security guidelines and a licensing contract with a local company in Japan.
In addition, the patent decision in Singapore, which is a bridgehead to Southeast Asia, will also help SSenStone advance into Southeast Asia. Therefore, the company is aggressively conducting its business activities in the region with starting in the Vietnamese market.
In the US market, SSenStone applied to the MassChallenge program, which is the largest annual initial venture contest held in Boston every year with support from the Korean Ministry of Science, ICT and Future Planning and KIC, a global innovation center of the Korea Research Foundation, and is currently waiting for the results.
"We will do our best to make StonePASS, user integrated authentication technology, a global standard, in line with a growing need for biometric authentication and e-commerce certification," said Yoo Chang-hoon, CEO of SSenStone.