KT Cloud Provides Customized Financial Cloud Support for Small and Medium Fintech Companies

KT Cloud has been selected as the cloud provider for the ‘2023 Financial Cloud Support Project’ organized by the Korea Fintech Support Center, and announced on the 3rd that it will provide customized financial cloud services to small and medium-sized fintech companies.

The ‘Financial Cloud Support Project’ is a program that supports the use of cloud services and consulting costs so that small and medium-sized fintech companies can develop and operate fintech services in a certified secure environment. A total of 60 companies are selected by evaluating the suitability of the project for the applying companies, and financial cloud service vouchers worth up to 96 million KRW per year are provided.

KT Cloud Financial Cloud Support Project
[Photo by KT Cloud]

KT Cloud’s Financial Cloud (F-Cloud) has proven stability and security by complying with electronic financial supervision regulations and financial sector cloud computing service usage guidelines. It provides optimized customized cloud services according to customer needs by type.

The advantages of KT Cloud Financial Cloud include ▲infrastructure customization, ▲provision of a dedicated container platform, and ▲reasonable network costs. Cloud infrastructure specifications can be freely customized according to the purpose of use, and infrastructure construction and service development and deployment can be performed easily and quickly through a self-developed dedicated container platform. In addition, it provides networks at reasonable costs compared to other companies, reducing the burden on companies that provide services with high traffic or many users.

KT Cloud has participated as a supplier in the Financial Cloud Support Project for three consecutive years, supporting the stable cloud transition and service development and operation of various fintech companies. Finovo, a cloud VAN (Value Added Network) specialized company, Bizplay, which provides non-evidence expense management services, and IORORA, which introduced prepaid electronic payment services, have succeeded in cloud adoption and service development and launching with the support of KT Cloud.

This year, KT Cloud plans to provide a ‘Financial Cloud Package’ together with its financial specialized partner (MSP), Genosolution, to fintech companies participating in the Financial Cloud Support Project. It will additionally provide a coupon worth 5 million KRW that can be used for KT Cloud’s products and services, along with step-by-step consulting in specialized fields such as infrastructure technology, cloud construction execution, ICT, and security.

Kim Ju-seong, Executive Director of KT Cloud, said, “KT Cloud launched the country’s first financial dedicated cloud service in 2019 and provides the best cloud service in Korea based on professional capabilities and years of know-how. Our specialized organizations in infrastructure technology, construction execution, and consulting will actively support fintech companies for stable cloud transition and successful business.”

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