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Prestige International Inc. (headquarters: Chiyoda-ku, Tokyo; CEO: Shinichi Tamagami; hereinafter “PI”) and VMO HOLDINGS TECHNOLOGY JOINT STOCK COMPANY (headquarters: Hanoi, Vietnam; CEO: Hoàng Tuấn Hải; hereinafter “VMO”), a leading IT solutions provider based in Vietnam, are pleased to announce the launch of “BioAuth”, a biometric authentication application that leverages facial and fingerprint recognition to provide secure, passwordless identity verification.

To celebrate the release of this application, a Signing Ceremony by the CEOs of both companies was held on October 6, 2025.

1. Why BioAuth was born - The Rising Need for Passwordless Authentication
   With remote work and digital operations becoming the norm, traditional password-based authentication is proving outdated and risky. The fintech industry has faced major cyberattacks and data breaches in recent years, while AI-driven tools have made phishing and fraud more sophisticated than ever. For many companies, balancing enhanced security with low cost and simplicity is a growing challenge.
   BioAuth was developed to address these concerns by providing a zero-trust identity verification solution that is easy to deploy, requires no passwords, and ensures strong security through the use of biometric data.
   BioAuth, built on the FIDO2 standard, eliminates the need for passwords reducing risks of phishing and data leaks while delivering a faster, safer, and user-friendly login experience.
    
2. What Does BioAuth Offer?
   BioAuth enables users to authenticate their identity using the built-in biometric capabilities of their devices like smartphones or computers. Key benefits include:
   
   • Passwordless authentication : Removes the need for storing passwords in the backend.
   • Strong MFA : Supports biometric, hardware keys, or device PINs as an additional factor.
   • Phishing resistance : Authentications are bound to the origin (domain), preventing credential reuse on fake sites.
   • Cross-platform support : Works on desktops, mobiles, and browsers (Chrome, Edge, Safari, Firefox).
   • Impersonation-Proof : Authentication through facial or fingerprint recognition ensures only the authorized user gains access.
   • Easy Integration : Works seamlessly with existing business systems and apps, including SSO environments.
    
3. Why BioAuth Is Secure – The FIDO2 Advantage
   BioAuth is built on the FIDO2 Passwordless Standard (FIDO2 is a trademark of the FIDO Alliance). With this standard, authentication credentials are never stored on a central server. Instead, secure keys are created and used directly on the user’s device, which greatly reduces the risk of credential theft or phishing attacks.
   According to the FIDO Alliance, over 80% of data breaches are caused by weak or stolen passwords. By eliminating passwords entirely, FIDO2 removes the single biggest attack vector. Tech giants like Microsoft, Google, and Apple have already adopted FIDO2 for passwordless login, proving its scalability and real-world security.
    
4. Service Overview
   • Service Name : Biometric Authentication Login
   • Official Launch Date : October 6, 2025
   • Supported Platforms : Windows 10 & 11, macOS, iOS & iPadOS, Android, Linux
   
   
   Value Proposition:
   Enhanced Security : Protects sensitive client data and insurance transactions from cyber threats.
   User Convenience : Quick, passwordless authentication improves the customer experience and speeds up claim processing or policy management.
   Industry Focus : Tailored to the insurance domain, supporting compliance and data privacy regulations.
    
5. Future Plans
   PI plans to deploy BioAuth to each system within the PI group.
   VMO aim to make BioAuth the go-to solution for each company’s insurance firms, healthcare providers, and other organizations seeking to upgrade their security infrastructure without technical complexity.
   Future updates will include:
   
   • Integration with blockchain technology to ensure tamper-proof authentication records.
   • Support for physical access systems (e.g., smart locks) for seamless security across digital and physical domains.
   • Enhanced enterprise-level support for large organizations.
   • Dedicated biometric authentication solutions for PI group clients, providing secure and convenient login across all group platforms and services.