Non-face-to-face Electronic Contract 'Modusain' Contract Volume Grows 250% Year-on-Year
AI-based Non-face-to-face Investment Discretion Service 'Fint' Grows Over 100% Quarterly
[Asia Economy Reporter Kim Cheol-hyun] Since the resurgence of the novel coronavirus infection (COVID-19), various contactless (untact) service companies have been gaining more attention. The achievements of services leading trends in various fields such as electronic contracts, online lectures, and contactless investments stand out.
The electronic contract platform Modusign is considered a company that has experienced rapid growth due to the untact boom. By the end of August, Modusign's number of usage contracts increased by 250% compared to the same period last year, and the current cumulative number of subscribers has exceeded 420,000. Modusign is a corporate software service model that requires no separate program installation, used in a monthly subscription format, allowing users to easily carry out all processes from uploading contracts, requesting and entering signatures, to completion of signing, as well as providing one-stop contract storage and management.
Although contactless, it is explained that the legal effectiveness and security are actually superior to paper contracts. All electronic documents sealed on Modusign have strong legal effect based on the Electronic Signature Act and other laws. Additionally, upon contract completion, an audit trail certificate recording all progress information is sent together, enabling a safe contract environment.
The online class platform Class101 achieved its highest transaction amount in August, rising approximately 160% compared to January this year. The cumulative number of members also nearly doubled during the same period, solidifying its position as a representative untact platform. Accordingly, it is breaking down barriers in the existing online education market and offering online classes in various fields. Recently, Class101 Kids for infants and toddlers and the subscription service Class101 Business for employee welfare have opened and gained popularity.
One of the reasons for Class101's popularity is that tools necessary for learning can be purchased all at once without going offline. In addition to props such as art supplies, thread, and needles, all preparation kits needed for learning, including iPads, ovens, and even pianos, are delivered to the home. If you want to learn Gayageum, you can purchase a Gayageum worth around 2 million KRW made by a famous artisan through the app, and if you order a pole for pole dance, you can even learn installation methods via video.
The AI (Artificial Intelligence) simple investment service Fint is also recording rapid growth along with the post-COVID era. The number of new discretionary investment accounts, which was about 2,000 at the end of January, surged to about 10,000 by the end of August, showing a quarterly growth rate of over 100%. As of the 16th of last month, Fint's cumulative number of members reached 210,000, and the cumulative number of discretionary investment contracts reached 45,000, maintaining steady rapid growth.
Fint is attracting attention not simply as a contactless investment service but for providing customer-centric personalized services from the customer's perspective. Through its self-developed personalized asset management platform 'Preffers' and AI engine 'Isaac,' a new room is created each time a customer enters, offering customized investment services tailored to each customer's investment tendencies.
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