Full Implementation of MyData Postponed from Next Month 1st to 5th

[Asia Economy Reporter Choi Dae-yeol] The MyData service, a personal credit information management business that was scheduled to start at the beginning of the new year, will be delayed by four days from the original plan.

The Financial Services Commission announced on the 29th, "Due to industry requests, the MyData implementation date has been adjusted to January 5 next year, after the first weekend of the new year." It was originally planned to start on January 1 but has been postponed by four days.

MyData is a service that collects personal credit information scattered across various financial companies in one place, analyzes financial status and consumption patterns, and helps manage assets and credit by recommending suitable financial products. It is called the "financial secretary in your hand."

So far, the businesses that have received full licenses include 10 banks, 2 insurance companies, 7 financial investment companies, 9 specialized credit finance companies, 1 savings bank, 1 mutual finance company, 2 credit rating agencies, 1 IT company, and 22 fintech companies, totaling about 50 entities. Some of these started pilot projects earlier this month. It is known that the industry requested to start the service on weekdays when development staff are working normally to prepare for any incidents such as a sudden surge in traffic during the early year holidays.

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