DGB Financial and Shinbo Sign Agreement to Promote Digital Finance

[Asia Economy Reporter Kim Min-young] DGB Financial Group announced on the 15th that it has signed a "Non-face-to-face and Digital Finance Activation Agreement" with the Korea Credit Guarantee Fund to prepare for the post-COVID-19 era and actively cooperate with the government's Digital New Deal policy.

Through the agreement made the previous day, the two institutions agreed to expand future growth engines through innovative digital exchanges and platform financial service linkages, while contributing to national and regional economic development by providing new financial services.

The biggest project is the development within this year of a guarantee loan product that links the mobile platform of its subsidiary DGB Daegu Bank with the Korea Credit Guarantee Fund's online non-face-to-face guarantee products, enabling small and medium-sized enterprises and small business owners facing management difficulties due to COVID-19 to quickly receive guaranteed loans through non-face-to-face untact methods.

In addition, they agreed to jointly promote collaborative models such as SME data passbook services through data exchange between the two institutions to actively support the government's Digital New Deal policy, including the development of loan products exclusively for companies with good commercial credit using the "Korean Paydex," a commercial credit index developed by the Korea Credit Guarantee Fund.

Kim Tae-oh, Chairman of DGB Financial Group, stated, "We will actively strive to develop innovative and customer-friendly financial services that incorporate themes such as non-face-to-face (untact) and data to prepare for the post-COVID-19 era."

This content was produced with the assistance of AI translation services.