Shinhan Bank "Recommend Open Banking and Receive Rewards"

[Asia Economy Reporter Kwon Haeyoung] Shinhan Bank announced on the 21st that it will hold an open banking recommendation event called 'Open Bok(tan) Doligi' that friends and acquaintances can participate in together until the end of February to celebrate the new year of the Year of the Rat.

The Open Boktan event is open to all Shinhan SOL members. When a new customer signs up for Shinhan Open Banking for the first time by entering a recommendation code, both the recommending customer and the newly registered customer will receive a reward of 1,000 KRW. If both customers are new to both Open Banking and SOL, an additional 1,000 KRW will be given to each of them.

Additional benefits are also provided, where customers who successfully recommend for 3 consecutive days will share 10 million KRW equally, and those who succeed for 5 consecutive days will share 20 million KRW equally according to the number of customers who achieve this. The person receiving the Boktan must enter the recommendation code created by the recommender to receive all benefits, and the event period may be shortened depending on the number of participants.

A Shinhan Bank official said, "This event allows families and relatives to share small but certain happiness through recommending Open Banking during the Lunar New Year holiday," adding, "We hope this will be an opportunity for customers unfamiliar with Open Banking to experience convenient financial services."

Shinhan Bank's Open Banking has been well received for the convenience of registering accounts from other banks and comprehensive asset management through the 'My Asset' service. Since the launch of Open Banking at the end of October last year, the monthly active users (MAU) of mobile banking SOL have increased by about 300,000.