KT Supporting Fintech Companies... Cloud Support, Training, and Promotion

Annual Voucher Support Worth Up to 96 Million KRW

[Asia Economy Reporter Minyoung Cha] KT announced on the 28th that it will provide cloud services to small and medium-sized fintech companies through the 'Financial Cloud Support Project,' organized by the Korea Fintech Support Center and in cooperation with Koscom.

The Financial Cloud Support Project is designed to help small and medium-sized fintech companies develop and operate innovative services in a stable cloud environment. This project supports vouchers and consulting services that allow the use of financial cloud services up to 96 million KRW annually.

KT, in collaboration with its partners Genosolution and Contents Bridge, provides cloud migration consulting and management services to small and medium-sized fintech companies. It offers one-stop support including necessary training, briefings for project execution, and promotion of cases after cloud implementation.

KT's participation in this project is based on its extensive experience with various financial sector-dedicated services on KT Cloud. KT has established the Financial Security Data Center (FSDC), which meets all financial cloud guidelines, and the financial-dedicated public cloud called 'F-Cloud.' Currently, over 60 financial and fintech companies are using these services.

KT also offers the Connect Hub, custom-developed for fintech companies with high hybrid cloud demand. By utilizing KT's self-developed Connect Hub, total cost of ownership (TCO) can be reduced by more than 25% compared to existing hybrid configurations.

Lee Mi-hee, Executive Director of KT Cloud/DX Business Division, said, "Through this support project, we hope many fintech companies will experience KT Cloud's stable IaaS infrastructure along with specialized financial DX services such as big data and AI." She added, "KT will be a reliable partner in digital innovation for the financial sector based on its long-accumulated technology and know-how."