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

Phone
By 

Last updated: August 21st, 2020 at 06:23 UTC+01:00

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
Load comments

Related News

Samsung launches white variant of Smart Monitor M7 in South Korea

  • By Asif S.
  • 1 week ago

Latest One UI 4.0 beta for the Galaxy Z Fold 3 and Z Flip 3 available …

  • By Adnan F.
  • 1 week ago

Samsung recruiting One UI 4.0 beta testers for Galaxy Z Flip and Z Fol …

  • By Asif S.
  • 2 weeks ago

Samsung wants to create a more flexible culture within the company

  • By Asif S.
  • 2 weeks ago

COVID forces Samsung to delay the Galaxy Tab S8 to save Galaxy S22

  • By Adnan F.
  • 2 weeks ago

Samsung offering discounts on various products to Korean students

  • By Asif S.
  • 2 weeks ago

Surprise update brings Watch 4 features to older Galaxy smartwatches

  • By Mihai M.
  • 2 weeks ago

Samsung continues sustainability push with six new restaurants

  • By Dominik B.
  • 3 weeks ago