Mirae Asset Daewoo Launches Open Banking Service

[Asia Economy Reporter Song Hwajeong] Mirae Asset Daewoo announced on the 22nd that it will launch an open banking service through its Mobile Trading System (MTS) ‘m.Stock’ and Home Trading System (HTS) ‘Kairos’.

Open banking is a service that allows one-stop management of accounts and transfer transactions across multiple financial institutions, enabling easy inquiry of various accounts from different financial institutions. Additionally, the investment process for stocks and financial products is simplified. Before the open banking service, investors had to transfer funds to their Mirae Asset Daewoo accounts via other financial institutions' apps before purchasing stocks and financial products. Now, with the open banking service, fund transfers and investments in stocks and financial products can be done in one stop.

Mirae Asset Daewoo customers can use the open banking service without fees by registering accounts held at other financial institutions on m.Stock or Kairos, and transfer transactions between accounts of different financial companies (from Bank A to Bank B) are also exempt from fees.

Kim Beomgyu, Head of Digital Innovation Division at Mirae Asset Daewoo, said, “We prepared the open banking service to expand accessibility to financial services tailored to customers' perspectives,” and added, “We will continue to strive to enhance customer convenience in various fields by utilizing the open banking service.”

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