NongHyup Bank, First in Banking Sector to Pass MyData Service Functionality Suitability Review

[Asia Economy Reporter Kiho Sung] NH Nonghyup Bank announced on the 7th that it has become the first bank in the industry to pass the 'MyData Service Functional Conformity Review' conducted by the Financial Security Institute ahead of the MyData implementation scheduled for December.

The 'MyData Service Functional Conformity Review' conducted by the Financial Security Institute is a procedure to assess the eligibility of MyData services according to the conduct rules set by financial authorities. Through passing this review, Nonghyup Bank has officially proven the stability of the NH MyData service.

The NH MyData service collects transaction information from all financial companies to manage customers' assets and consumption status through 'NH Asset+', provides tax-saving tips via year-end tax settlement consulting based on customers' income levels and financial transaction tendencies through 'Year-end Tax Settlement Consulting', predicts payment shortfalls according to customers' payment schedules and helps recharge account balances through 'Financial Planner', offers services such as used car sales and payment of unpaid tolls, fines, and penalties through 'My Car Management', and recommends government and local government subsidies through 'Customized Government Benefits'.

Nonghyup Bank plans to launch the NH MyData service on December 1 through the NH Smart Banking and All One Bank apps.

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