Shinhan Card Surpasses 2 Million Users for Comprehensive Asset Management Service

‘Shinhan MyReport’ Asset Management Service Expanded to Over 130 Financial Institutions, Reaching 2 Million Users

[Asia Economy Reporter Ki Ha-young] Shinhan Card is accelerating its efforts to establish and activate customer data sovereignty ahead of the full-scale MyData era.

On the 26th, Shinhan Card announced that the number of users of its MyData asset management service, 'Shinhan MyReport,' which was first launched in the industry last March, has surpassed 2 million. This achievement came six months after the service launch, following the milestone of 1 million users in June.

MyReport is a comprehensive asset management service that integrates and analyzes data from financial institutions to accurately diagnose customers' consumption habits and propose rational and wise spending behaviors.

With the expansion of linked financial institutions from the previous 85 to over 130, customers can now easily and securely manage their spending and assets all at once by gathering financial data not only from all card companies but also banks, securities, insurance, pensions, and cash receipts.

In addition, Shinhan Card provides useful services such as reports that analyze spending details by category, period, and type using its unique automated algorithm, as well as notification talk functions that automatically keep track of easily overlooked regular monthly payments and credit score changes.

MyReport aligns with Shinhan Card’s future business strategy, which aims to implement all financial services?from payments, financial products, to asset management?within a single application in the customer’s hand, and to offer new personalized services and non-financial benefits tailored to individual lifestyles based on MyData.

A Shinhan Card official stated, “We are thoroughly preparing for the MyData business based on the industry’s best big data and differentiated capabilities,” adding, “We will do our best from the perspectives of ‘ownership,’ which realizes data sovereignty centered on customers as the core value of MyData, ‘connection’ that enhances customer benefits through linking companies and consumers, and ‘expansion’ of innovation in the financial and data ecosystem.”

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