SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

Notifications
    News For You

    Galaxy A Quantum gets new banking app that uses quantum security chip

    Phone
    By 

    Last updated: August 21st, 2020 at 06:23 UTC+02:00

    The Galaxy A Quantum was launched in South Korea three months ago as an SK Telecom exclusive device. It is a variant of the Galaxy A71 5G with an added quantum security chipset for added security layer. Now, the carrier has announced that the phone's 5G quantum cryptography technology is currently being used in a new banking app.

    The IM Bank app, which has been developed by DGB Daegu Bank, uses the Galaxy A Quantum's QRNG (Quantum Random Number Generator) security chip for an added layer of security. It is the world's first banking service to use a quantum-powered service on a smartphone, and it makes mobile transactions even more secure. The user's personal information will be protected while making transactions through the IM Bank app using OTPs (one-time passwords) or when they open new accounts via identity verification.

    The SKT IDQ S2Q00 is a quantum random number generator chip that has been co-developed by Switzerland-based ID Quantique and SK Telecom. It uses an LED and a CMOS sensor to create truly unpredictable random numbers. Based on those random numbers, the IM Bank app's OTPs and identity verification information is encrypted. DGB Daegu Bank's other services are being explored for the use of the QRNG chip.

    Han Myung-jin, Vice President and Head of MNO Marketing Group of SK Telecom, said, “Released in May 2020, the Galaxy A Quantum, the world's first smartphone equipped with quantum random number generator, has been drawing global attention. Going forward, we will continue to build a safer and more secure society by applying our world's best quantum cryptography technologies to other areas, including finance and Internet of Things.”

    Samsung Galaxy A Quantum IM Bank App QRNG Chip

    Phone Galaxy A QuantumGalaxy A71 5GSK TelecomSouth Korea
    Galaxy AI summarized

    Scroll for more related content
    News For You

    You might also like

    Galaxy S24’s Interpreter Mode promoted to help foreign shoppers in Korean stores

    Galaxy S24’s Interpreter Mode promoted to help foreign shoppers in Korean stores

    Samsung introduced several AI-powered features with the Galaxy S24, including the Interpreter Mode. It comes in handy when conversing with a person who doesn't speak your language. That feature is now being promoted in prominent stores in South Korea to help foreign shoppers. Galaxy S24's Interpreter Mode is helping foreign shoppers in South Korean stores […]

    • By Asif Iqbal Shaik
    • 5 days ago
    Workers at Samsung Electronics strike for the first time in 55 years

    Workers at Samsung Electronics strike for the first time in 55 years

    Workers' unions always dangle the threat of a strike when negotiating with the company. That's just how these things go. Strikes aren't a big deal if the union calls for them often, but they are a significant event if they've never happened at a company before, as it signals the acceptance of a new normal. […]

    • By Adnan Farooqui
    • 1 week ago
    Samsung makes display repairs cheaper for foldable phone users

    Samsung makes display repairs cheaper for foldable phone users

    The display is one of the more expensive components on a foldable smartphone, and with good reason. The panel and the hinge mechanism are complex and require specialized technology to produce, that obviously adds up which is why the cost to replace these components can be higher than conventional phones. Fortunately, Samsung has decided to […]

    • By Daniel Scuteri
    • 1 week ago
    Historic Samsung union strike not likely to disrupt memory supply

    Historic Samsung union strike not likely to disrupt memory supply

    Strikes are never good for business. Unhappy employees walking out, stopping the wheel of production in its tracks, and potentially causing serious business disruption is something that companies go to great lengths to avoid. Samsung Electronics has been engaged in negotiations with its largest employee union for several months now, but the deadlock still persist. […]

    • By Adnan Farooqui
    • 2 weeks ago
    Samsung phones will better filter spam texts in only this country

    Samsung phones will better filter spam texts in only this country

    Being bombarded by spam text messages is something we're all too familiar with. It's like a shared life experience for all of us, no matter what country we're in or even what device we're using. It affects non-Android users just as much. Smartphone manufacturers continue to team up with other services provides to offer improved […]

    • By Adnan Farooqui
    • 2 weeks ago
    Galaxy Quantum 2 gets One UI 6.1 as the last One UI upgrade

    Galaxy Quantum 2 gets One UI 6.1 as the last One UI upgrade

    Samsung launched the Galaxy Quantum 2 in 2021 with Android 11-based One UI 3.0. Back then, the brand promised to offer three new versions of the OS to the smartphone, and last year, it rolled out the third and the last version of the OS (Android 14-based One UI 6.0) to the device. Now, the […]

    • By Abid Iqbal Shaik
    • 2 weeks ago