A practical and secure communication scheme in financial innovation management system
Jiaqi Guo, L. Gong, Yuanxin Li · Alexandria Engineering Journal · 2025
With the rapid development of financial technology, financial innovation management systems have become a key tool to improve business efficiency, optimize customer experience and promote product innovation. However, while promoting innovation in financial services, these systems also face severe information security challenges. Especially in communication networks, it is highly susceptible to becoming a target of network attacks. Traditional communication schemes often struggle to strike a balance between ensuring data security and meeting efficient communication needs, which seriously hinders the further development of financial innovation management system. In response to the above issues, we propose a practical and secure communication scheme to comprehensively enhance the communication security and efficiency of the financial innovation management system. This scheme not only achieves bidirectional authentication, ensuring the authenticity and credibility of both communication parties, but also establishes a secure communication session key. To verify security and practicality, we conducted formal security proof and analysis. The results indicate that the scheme has the ability to resist various network attacks. In addition, we conduct informal security analysis and performance evaluation, and the results show that the scheme effectively reduces overhead while meeting security requirements, ensuring the efficient operation of the system. • This paper proposes a signature-based three-factor authentication scheme. • This paper employs BAN logic and random oracle model to validate the security. • Performance evaluation results show that scheme delivers enhanced security features and finctionalities.