NongHyup Bank Launches Electronic Certificate Issuance Service on Smart Banking

From the 28th, issuance of 13 types of electronic certificates including resident registration copies will be available

[Asia Economy Reporter Park Sun-mi] NH Nonghyup Bank announced that it will start an electronic certificate submission and receipt service through an electronic document wallet on the 28th to reduce social inconvenience and costs associated with submitting paper certificates.

By introducing the 'Electronic Document Wallet' platform, currently available on the Government24 application (app), into the smart banking app, Nonghyup Bank customers will be able to easily view and store electronic certificates.

Using the electronic document wallet, customers can submit electronic certificates such as tax payment certificates and health insurance qualification verification documents required for financial transactions to Nonghyup Bank, enabling consultations and product subscriptions without complicated paperwork.

Electronic certificates are stored in an encrypted state in a cloud-based self-information storage accessible only by the individual.

Access to one's storage is only possible through the electronic document wallet installed on the smartphone, and blockchain security technology is applied to prevent forgery and tampering. Additionally, certificates can be viewed at any time during their validity period and can be submitted in electronic certificate form to public institutions and other financial institutions when necessary.

Currently, 13 types of documents, including resident registration certificates and abstracts, can be submitted as electronic certificates. According to the Ministry of the Interior and Safety's plan, this will be expanded to about 300 types by next year.

President Son Byung-hwan said, “We will take the lead in promoting the use of electronic certificates for customer convenience and digital acceleration,” adding, “By providing the Ministry of the Interior and Safety's electronic certificate issuance function for financial institutions within this year, we will further strengthen the integrated platform service of the smart banking app.”