IBK, Launches 'Financial Doctor' Program Providing Customized Prescriptions for Businesses

Implementation of Financial Services with Customized Prescriptions Based on Comprehensive Diagnosis

[Asia Economy Reporter Park Sun-mi] IBK Industrial Bank announced on the 17th that it will implement the first phase of the ‘Financial Doctor Program,’ which objectively analyzes and diagnoses the current status and competitiveness of companies to provide customized prescriptions.

The Financial Doctor Program provides a customized support program based on a comprehensive analysis of a company’s management and financial status, similar to how a doctor prescribes treatment based on health checkup results at a hospital.

This program, consisting of ‘Company Diagnosis → Customized Prescription → Linked Support,’ is designed to allow easy confirmation of diagnosis results simply by registering financial statements. Various internal and external data are collected and analyzed remotely, and the system automatically proceeds through the company diagnosis and solution proposal stages.

Using tables and graphs, the current status of the company can be grasped at a glance, and big data is used to analyze the company’s management environment, competitors, and business partners, providing the results in report form. The customer company diagnosis report consists of a diagnosis summary, detailed analysis by category such as financial transactions and credit rating, and product and service guidance. To aid customer understanding, a table of contents and report commentary are provided as reference materials.

The Financial Doctor Program will be implemented in two phases. The first phase applies to manufacturing SMEs with total assets of 3 billion KRW or more, and the second phase will expand to non-manufacturing SMEs with total assets of 3 billion KRW or more starting from the end of December this year.

Yoon Jong-won, the bank president, said, “We will share the information held by the bank with customers and provide optimized financial solutions, playing the role of a financial doctor beyond a simple financial assistant.”

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