KT Cloud Partners with BC Card for MyData Collaboration

KT, BC Card MyData Service Dedicated
Cloud System Design and Construction

[Asia Economy Reporter Cha Min-young] KT Cloud, which has proven its security and stability through remote work, online classes, and online concerts, will be utilized for the "Personal Credit Information Management (MyData)" service. This is the first time KT Cloud is being used in the MyData business.

On the 30th, KT announced that it will build a cloud system for BC Card's MyData service. KT will be responsible for designing and building the cloud system that collects, analyzes, and stores BC Card's MyData. Additionally, KT will collaborate on the development of BC Card's MyData service.

MyData, which will be fully implemented starting August this year, is a service that gathers personal credit information scattered across financial institutions such as banks, insurance companies, and card companies into one place, allowing individuals to manage it integrally by themselves.

BC Card plans to introduce various services such as credit management and asset management on the Paybook and BC Card merchant apps. Specifically, they are preparing services including ▲‘My Asset Keeper,’ responsible for managing customer assets and credit ▲‘Intelligent Finance,’ which analyzes customer consumption patterns and financial assets ▲‘Small Business Support,’ which supports merchant finance and marketing.

KT will apply the Microservice Architecture (MSA) standard development methodology to help BC Card maximize the advantages of the cloud. MSA is a design method that breaks down the core functions of an app into small parts, enabling flexible operation of the infrastructure.

Furthermore, KT has consolidated the capabilities of its group companies for the BC Card MyData construction project. Collaborating with KT DS and KT NexR, KT provided a customized DX platform (PaaS) tailored to all the requirements needed for BC Card’s MyData business.

KT’s winning of the BC Card MyData project was based on its long-accumulated technology and know-how in building financial-dedicated cloud systems. KT currently provides financial clouds that meet both the Electronic Financial Supervisory Regulations and Financial Cloud Guidelines to Shin Young Securities, Hana Bank, and others. Additionally, KT launched the ‘KT Cloud Package’ last August for small and medium fintech companies preparing for the MyData business.

Lee Mi-hee, Executive Director of KT Cloud/DX Business Division, said, “We will strive to provide a faster and more flexible financial innovation experience by integrating cloud into the MyData service,” and added, “Based on the technology and know-how accumulated through BC Card, KT will support a safe and stable cloud-based financial sector MyData service.”

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