Kiwoom Securities Obtains Preliminary Approval for MyData License
[Asia Economy Reporter Park Jihwan] Kiwoom Securities announced on the 15th that it has obtained a preliminary license for MyData (Personal Credit Information Management Business) from the Financial Services Commission.
The MyData business involves collecting scattered financial transaction information in one place to provide it to consumers and offer customized financial services.
Since October last year, Kiwoom Securities has formed a dedicated team and has been continuously preparing for the business. The company plans to provide MyData services aiming to offer a comprehensive financial solution that analyzes personal credit information using big data and artificial intelligence (AI) to deliver easy and convenient financial services.
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A Kiwoom Securities official stated, "MyData service is a service that combines IT and finance. We will actively approach financial consumers by leveraging Kiwoom Securities' strength in financial expertise and Dowoo Kiwoom Group's strengths in IT and content know-how." He added, "With the Financial Services Commission's approval of the preliminary MyData license, Kiwoom Securities will do its best to obtain the full license."
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