NH Nonghyup Bank Connects Virtual Assets to MyData

[Asia Economy Reporter Sim Nayoung] NH Nonghyup Bank announced on the 31st that it signed a business partnership agreement with Bithumb Korea on the 30th to provide virtual asset information inquiry services.

NH Nonghyup Bank is the first financial institution to show customers' virtual asset holdings in its MyData service. Starting from July, 'NH MyData' customers will be able to manage not only financial and tangible assets but also virtual assets.

Through this business partnership, Bithumb Korea will provide Nonghyup Bank with an enterprise-grade API (a secure data transmission program with enhanced security) to safely inquire about customers' virtual asset holdings. Nonghyup Bank plans to use this to advance the asset management functions of 'NH MyData.'

Sim Hyunseop, Head of the Data Business Division, said, "We are constantly striving to provide customers with a simple and convenient financial life," adding, "We are currently negotiating to develop partnership services with major virtual asset exchanges and will continue to pursue strategic partnerships with various companies in the future."