Woori Bank "Strengthening Digital Finance Competitiveness through DT Acceleration"

[Asia Economy Reporter Kim Hyo-jin] Woori Bank announced on the 5th that it is actively identifying DT (Digital Transformation) tasks to strengthen digital product and service competitiveness and operational efficiency, thereby enhancing its digital finance competitiveness.

In July, Woori Bank established the DT Promotion Team, which oversees the establishment of digital strategies as well as digital marketing and channels. Within the promotion team, the ‘DT Promotion ACT (Agile Core Team)’ organization was set up as a direct unit to discover and implement DT tasks for comprehensive DT advancement.

The DT tasks were identified from two perspectives: ‘strengthening digital product and service competitiveness’ through core business digitalization and supply chain finance platform construction, and ‘operational efficiency’ through AI-based customer consultation process establishment and group-wide cloud infrastructure development. Moving forward, the bank plans to select short-, mid-, and long-term DT tasks to further enhance its digital business capabilities.

Woori Bank aims to become a leading digital corporate finance institution by building a supply chain finance platform that actively utilizes its strengths in corporate finance know-how and competes with big tech companies. To this end, it plans to launch ▲ dedicated supply chain finance products for partner companies ▲ non-face-to-face contract management services.

A Woori Bank official stated, “We are actively identifying and promoting DT tasks as a foundation for digital transformation,” adding, “We will continue to discover DT tasks through collaboration across all business groups to provide customers with greater convenience and benefits.”

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