NH Nonghyup Bank Expands Customer Asset Segregation Service

[Asia Economy Reporter Eunju Lee] NH Nonghyup Bank announced on the 24th that it will expand its customer asset segregation service to fractional investment companies.

The customer asset segregation service is a service that protects customer assets by segregating and storing them at the bank, safeguarding them from the risk of corporate bankruptcy. It can be applied to various industries where multiple customers participate in joint purchases.

Small-scale companies face difficulties in attracting customers due to unverified trustworthiness. By using NH Nonghyup Bank's customer asset segregation service, it becomes easier to raise investment funds based on the financial institution's credibility. Investors benefit from the advantage of safely conducting transactions without the risk of corporate bankruptcy or embezzlement.

NH Nonghyup Bank explained that it first applied the exclusive service for fractional investment companies to Tessa Co., Ltd. in July and is operating it stably. In 2017, it also launched the first-ever P2P-exclusive customer asset segregation service in the financial sector in accordance with the P2P loan guidelines.

An NH Nonghyup Bank official stated, “Through the customer asset segregation service, customers are guaranteed transaction safety, and NH Nonghyup Bank will take the lead in fulfilling its fundamental financial role to activate commerce across various industries.”

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