NongHyup Bank Partners with Naver Cloud to Launch 'All One Bank Cloud'

At the All One Bank Public Cloud Opening Ceremony, (from left) Lee Jong-chan, Cell Leader of All One Bank Center at NongHyup Bank, Kim Yoo-kyung, Vice President of Information Security Division, Lee Sang-rae, Vice President of Digital Finance Division, are taking a commemorative photo with Park Won-gi, CEO of Naver Cloud, Lee Won-sam, Executive Director of NongHyup Information System, Wi Gil-ryang, Manager of IT Digital Finance Department at NongHyup Bank, and Woo Seon-wook, Cell Leader of IT All One Bank Center at NongHyup Bank.

[Asia Economy Reporter Park Sun-mi]NH Nonghyup Bank and Naver Cloud held the ‘All One Bank Public Cloud Opening Ceremony’ on the 29th and announced that they have introduced the public cloud to the mobile lifestyle financial platform All One Bank for the first time in the banking sector.

The public cloud refers to a method of using IT infrastructure resources provided by specialized companies without separate construction costs, paying only for the amount used.

The financial cloud provided by Naver Cloud is the first financial-dedicated cloud in domestic cloud companies to fully meet the stability evaluation of the Financial Security Institute, characterized by safely protecting sensitive data while enabling flexible service expansion.

Through the introduction of the public cloud, Nonghyup Bank designed services expected to have large traffic, such as special deposit and savings events, to operate through Naver Cloud to prevent server overload and enhance security. Additionally, as the first service after introducing the All One Bank public cloud, they launched the Giro Payment service, which allows payment by simply photographing without entering information when paying Giro utility bills. Nonghyup Bank plans to continuously release various cloud-based services in the future.

Lee Sang-rae, Vice President of the Digital Finance Division at Nonghyup Bank, said, “We introduced the public cloud to provide customers with more convenient lifestyle financial services,” adding, “Through cooperation with Naver Cloud, we will develop digital innovation technologies that can provide differentiated value to customers and continuously create various win-win business models.”