[Asia Economy Reporter Song Seung-seop] Welcome Savings Bank announced on the 3rd that it unveiled the third version of its mobile banking platform, Welcome Digital Bank (Welbang), called 'Welbang 3.0' on the 2nd.
Welcome Savings Bank explained that the application (app) was revamped with the concept of a 'personalized financial life platform centered on me.'
For banking services, it is now possible to open savings, regular deposit, and loan accounts simultaneously. They also added that if a demand deposit account is designated as a lifetime account, it can be used more conveniently. For frequently used accounts, placing them in the 'Account Drawer' allows the use of the 'Straight Transfer' feature, which avoids complicated steps during transfers. In the future, they plan to support easy transfers to expanded accounts of other banks through open banking.
Personalized financial services that analyze individual financial information will also begin. After analyzing asset status and changes, customers will be guided, and based on transfer history data and account status analysis, products and services will be recommended for each customer.
In the non-financial sector, the range of products for the 'Gift Sending' feature, which provided a 4% permanent discount, has been further expanded. Credit management services and car price inquiries are also available.
Along with the app revamp, an emergency fund loan product was also launched. This product can be applied for without joint authentication in the form of an overdraft account with a limit of 3 million KRW. Car collateral loans can also be processed entirely non-face-to-face.
Baek In-ho, head of the Digital Headquarters, said, “Welbang 3.0 is an innovative lifestyle financial platform that can well capture and integrate changing finance such as account transfers, open banking, and MyData,” and added, “We will sequentially introduce new products and services that better express ‘me.’”
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