Insurance and Bank Notices Will Also Be Received via Text Messages
KT Receives Temporary Approval for Regulatory Sandbox 'Mobile Electronic Notification'
Expanded from Public Institutions Last Year to Private and Financial Companies This Year
[Asia Economy Reporter Han Jinju] In the future, not only public institutions but also private and financial companies such as banks and construction firms will be able to send notifications via mobile.
On the 12th, KT announced that it received temporary approval for 'mobile electronic notification'?a service where private and financial institutions send notification documents according to laws or regulations?at the first ICT Regulatory Sandbox review committee of 2020, hosted by the Ministry of Science and ICT.
The mobile notification service refers to sending various notices and notifications via text messages (such as MMS) with registered mail effect instead of postal mail. KT received temporary approval for this service targeting administrative and public institutions at the first ICT Regulatory Sandbox review committee on February 14 last year, and this time the scope has expanded to private companies and banks.
When private companies such as financial firms and construction companies adopt the mobile notification service, they can reduce costs by about 70% compared to before. Citizens can conveniently receive notifications, and paper waste can also be reduced. As the mobile notification service expands, face-to-face contact during the delivery process of bills will also decrease.
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Yoon Dong-sik, Head of KT Cloud & DX Business Division (Executive Vice President), said, "Thanks to the government's deregulation, the scope of the mobile notification service, which was previously limited to public institutions, has expanded to the private sector, allowing more customers to conveniently receive various bills." He added, "KT is preparing various services to help corporate customers spread ‘paperless’ operations."
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