[Weekly Savings Banks] OK Savings Bank Leading Next-Generation Digital Finance System Construction External

[Asia Economy Reporter Minyoung Kim] OK Savings Bank announced that it has selected the LG CNS-Bankware Global consortium, which has experience in core banking system implementation and large-scale financial sector projects, as the preferred negotiator for its next-generation system construction project.

This next-generation system construction project aims to provide high-quality financial services by building a digital platform foundation that enables integrated customer information utilization based on a high-performance architecture capable of flexible expansion and combination, reflecting the rapidly changing digital financial environment.

Before constructing the next-generation system, OK Savings Bank conducted consulting across the entire group IT system to derive the direction and application tasks of the next-generation system. Based on this consulting, the newly built next-generation system will provide comprehensive credit system operations covering customers, products, personal and corporate loans, and bond management; establishment of an integrated contact center with enhanced digital consultation functions; expansion of non-face-to-face loan processes; stable support for partnership services; advancement of bond management; expansion of sales channels; and strengthened corporate finance management functions.

Welcome Savings Bank Offers Special Time-Limited Savings with 6% Annual Interest

Welcome Savings Bank is launching a special time-limited fixed savings product offering up to 6% annual interest in celebration of PBA Pro Billiards Team Welbang Phoenix captain Fr?d?ric Caudron (Belgium) winning the 'PBA Championship 2020'.

The savings sales period is from the 12th to the 16th of this month. A total of 10,000 accounts will be sold on a first-come, first-served basis, 2,000 accounts each day starting at 9 a.m.

The base interest rate is 3.2% per annum. A preferential interest rate of 1.0 percentage point is provided when making eight or more savings deposits through a Welcome Savings Bank free deposit and withdrawal account during the contract period, and an additional 1.8 percentage points is given when maintaining an average balance of 500,000 KRW or more in the free deposit and withdrawal account. Adding a total of 2.8 percentage points in preferential interest rates, customers can expect a 6.0% interest rate. The monthly deposit amount is up to 300,000 KRW, and the contract period is a single 12-month term.

This product is sold to customers who have no prior savings or deposit history with the savings bank. Customers within 30 days from their first savings or deposit subscription among Welcome Savings Bank products are also eligible to apply.

Pepper Savings Bank Forms Diversity & Fairness Committee

Pepper Savings Bank announced the launch of the ‘Diversity & Fairness (D&F) Committee’ to enhance diversity and fairness within the company.

Last month, Pepper Savings Bank established the in-house D&F Committee and appointed Director So-yeon Moon of the Consumer Finance Headquarters as the chairperson. The committee consists of 12 members, including eight working-level staff, and has held two regular meetings so far.

The D&F Committee of Pepper Savings Bank was established to raise employees’ awareness of the values of diversity and fairness and to promote concrete practices within the daily work environment. Through active communication and feedback from employees, the committee plans to carry out various activities aimed at reducing gaps related to gender, generation, and rank within the company.