KT DS Wins Contract for Building Credit Evaluation System Utilizing Telecommunication Data

New System Utilizing Non-Financial (Telecommunication) Data
First Case Using Data from the Three Major Telecom Companies
Improved User Convenience with One-Stop Financial Service

KT Group's IT service specialist KT DS announced on the 30th that it has won the contract for the "Credit Evaluation System Construction Using Telecommunication Information" project, commissioned by the Telecommunication Alternative Evaluation Preparation Corporation. This project aims to develop a new credit evaluation system utilizing non-financial telecommunication data. It will expand financial support benefits for 'Thin Filer' customers, such as university students, housewives, and retirees, who have insufficient financial transaction history.

This system applies payment histories for telecommunication services such as mobile and internet (IP) TV. Unlike the existing method that evaluates individual credit scores solely based on financial transaction information, if there is no record of telecommunication bill delinquency, loan interest rates can be lowered or credit limits increased.

The system developed by KT DS is the first case to utilize data from all three major telecommunication companies. It is designed to provide a one-stop service from personal information consent to credit information inquiry. The combination of financial and telecommunication big data is expected to create new opportunities by developing a sophisticated credit evaluation model. By early next year, the system will be built across seven areas: credit information collection, CB (credit evaluation business) information integration, CB scoring, CB services, portal and homepage, cloud infrastructure, and security architecture.

The commissioning entity, Telecommunication Alternative Evaluation Preparation Corporation, is a joint venture of the three major telecommunication companies, Korea Credit Bureau (KCB), and Seoul Guarantee Insurance. This is the first case where the three telecommunication companies have established a joint venture with equal shares. Park Jang-hyuk, Head of KT DS Enterprise Business Division, said, “This contract win has become an opportunity for KT DS to be recognized for its capabilities in stable telecommunication data operation and evaluation system construction,” adding, “We will surely succeed in implementing an innovative and comprehensive specialized CB service that can expand into various values.”

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