Providing New Customer Experiences by Leveraging Dual-Company Technical Strengths
Shinhan Investment Corp. announced on the 1st that on June 27th, it signed a Memorandum of Understanding (MOU) with Toss Securities at the Shinhan Investment Corp. headquarters to promote a cloud technology-based open platform.
Toss Securities, which possesses advanced technology for the mobile era, is showing rapid growth with differentiated services that emphasize intuitive user experience. Approximately 60% of its entire workforce is in the development organization, making it the only securities firm in Korea that directly owns and processes data based on its own technology. For example, it has infrastructure technology capable of processing 12.5 million big data points per second through the cloud to provide overseas asset price services, which is unique in Asia.
Meanwhile, Shinhan Investment Corp., as a comprehensive securities firm, has been operating a stable system based on strong internal controls and is undertaking a large-scale next-generation system construction project (Project Meta) to migrate the core ledger of a comprehensive securities firm to the cloud for the first time in the Korean financial sector. Additionally, on the foundation of Project Meta, it is preparing an ‘open platform’ where financial service providers and consumers can freely meet by combining technology and business.
Shinhan Investment Corp. has signed a technical MOU with Toss Securities as the third prime partner of the open platform, following Travelwallet and Waker, designing a technology roadmap that can provide new value to customers of both companies and developing business in stages.
Shinhan Investment Corp. plans to build and operate solutions for expanding various internal and external services globally based on cloud by leveraging the technological strengths of both companies. Through this, it plans to provide various customer services with Toss Securities that have not been experienced in existing securities firms.
Kim Sang-tae, CEO of Shinhan Investment Corp., said, "Various financial investment methods and fintech services are emerging according to customer needs. Toss Securities provides various customer-centric services through the use of new technologies such as cloud and continuous customer analysis, and we have partnered as a prime partner of the open platform because they possess technology that can be continuously utilized."
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