Gwangju and Jeonbuk Banks Receive Final MyData Approval... Accelerating Digital Enhancement

[Asia Economy Reporter Kim Hyo-jin] Jeonbuk Bank and Gwangju Bank, subsidiaries of JB Financial Group, are accelerating their digital capabilities by obtaining full approval for MyData services.

According to financial authorities and the financial sector on the 27th, Gwangju Bank received full approval for MyData services at the Financial Services Commission's regular meeting on the 13th, becoming the first regional bank to do so.

Gwangju Bank plans to launch MyData services through its smart banking application within this year, enabling it to serve as a personalized comprehensive financial assistant, including customer asset management.

The new service will be designed to allow customers to view assets from other financial companies across six categories?cash/accounts, investments, loans, consumption, insurance, and pensions?at a glance, and will also enable transaction history and detailed account inquiries.

Jeonbuk Bank obtained full approval for MyData services on the 21st. Following the approval, Jeonbuk Bank plans to provide hyper-personalized asset management services through mobile banking by the end of the year, showing customers their financial status and supporting rational decision-making through diagnostic analysis and forecasting.

Additionally, the bank intends to develop new community-based MyData services by combining local currency with MyData, introducing optimal benefits for local commercial districts to customers, and providing charging and payment functions.

A JB Financial Group official stated, "Through the MyData business, we will do our best to build an inclusive and mutually beneficial financial network that encompasses local residents, small business owners, and local governments, and to provide digital financial services."

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