Koscom "Financial Cloud Support for Fintech Companies"

Support from Cloud Consulting to Design, Construction, and Operation

[Asia Economy Reporter Minwoo Lee] Koscom is supporting financial cloud services for domestic small and medium-sized fintech (finance + technology) companies.

On the 13th, Koscom announced that it has established a cloud service usage environment for 60 fintech companies selected for the financial cloud support project, which is hosted by the Korea Fintech Support Center and operated by Koscom.

The financial cloud support project is part of the Financial Services Commission's "Fintech Scale-up Promotion Strategy for Accelerating Financial Innovation" program. It is a project that supports infrastructure to reduce the burden of cloud usage for fintech companies and to quickly commercialize their ideas.

So far, subsidies in the form of vouchers have been provided when building infrastructure required for licenses and permits such as ▲MyData (personal credit information management business) ▲online investment-linked finance business ▲open banking on the financial cloud.

Now, Koscom is collaborating with domestic companies Naver Cloud, NHN, and KT to provide cloud transition consulting, cloud architecture design, construction, operation, and security compliance so that fintech companies can secure infrastructure with security and stability at the level of financial companies.

Kim Seonghwan, Head of Digital Business Division at Koscom, said, "Through the Korean-style financial cloud that meets the stringent requirements demanded by the domestic financial service environment, the fintech industry ecosystem will be able to operate and maintain stably."

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