Shinhan Financial Investment Launches 'My Credit Inquiry Service', First Among Securities Company MTS

[Asia Economy Reporter Minji Lee] Shinhan Financial Investment announced on the 23rd that it will launch the ‘My Credit Inquiry’ service, which allows users to check their credit scores at a glance, for the first time among securities firms’ MTS by partnering with KCB (Korea Credit Bureau), a leading domestic credit rating agency.

The My Credit Inquiry service provides customers with real-time credit scores and allows them to view credit inquiries and changes, as well as asset information such as card usage, loans, delinquencies, and guarantees all in one place.

By offering the My Credit Inquiry service through Shinhan Alpha, Shinhan Financial Investment’s representative MTS, customers can manage not only their assets but also their credit all at once within Shinhan Alpha. The service is free for all Shinhan Financial Investment customers.

Separately from the My Credit Inquiry service, Shinhan Financial Investment is conducting joint research with KCB using pseudonymized data linkage to analyze how investment and pension information held by Shinhan Financial Investment relate to credit scores and credit information held by KCB.

As the number of investors increases across all age groups, they are researching whether the changed financial behaviors can be reflected in the existing credit evaluation system, especially how the new financial behaviors of the MZ generation, known as the capitalist generation, affect credit evaluation, and whether the baby boomer generation aged 55 and above, who are approaching retirement, can receive more positive credit evaluations through pension information rather than the traditional income-based evaluation.

Ok Hyung-seok, Head of Digital Strategy Division at Shinhan Financial Investment, said, "We are striving to provide differentiated customer services that only Shinhan Financial Investment customers can enjoy, such as the ongoing research on the correlation between customers’ investment information and credit scores," adding, "We plan to offer personalized services, including integrated asset management services combined with MyData, in the future."

To commemorate the launch of the service, Shinhan Financial Investment will hold the securities industry’s first ‘My Credit Inquiry Service’ Grand Open event. The first 10,000 subscribers to the My Credit Inquiry service will receive a Starbucks coffee gifticon, and 50 people will be selected by lottery to receive Starbucks gift cards worth 50,000 KRW (30 people), Hana Tour gift certificates worth 500,000 KRW (15 people), and Hana Tour gift certificates worth 1,000,000 KRW (5 people). The event will run from November 22 to December 15, and detailed information about the event can be found on Shinhan Alpha.

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