Koscom Begins Development of Next-Generation Framework Exclusively for Financial Investment Industry

KOSCOM announced on the 30th that it will develop a next-generation framework dedicated to the financial investment industry, optimized for cloud environments.

On the previous day, KOSCOM held a signing ceremony for the joint development project of the next-generation framework 'FICO (Financial Industry Community)' platform together with the open-source specialist company 'OpenLabs.' FICO is an open-source-based framework optimized for cloud environments. KOSCOM expects that the development of FICO will help modernize ledger management in the financial investment industry.

Furthermore, after the launch of FICO, KOSCOM plans to begin developing the 5th generation ledger based on MSA (Micro Service Architecture). MSA is a system architecture that connects services independently, allowing updates and deployments to be made only to necessary parts without interrupting the entire system.

Hong Woo-sun, CEO of KOSCOM, said, "Once the framework KOSCOM is preparing is launched, it will be able to provide direction for the cloud-based ledger management model that domestic financial investment companies are aiming for," adding, "In the rapidly changing capital market environment, we plan to actively support our clients so they can focus on strengthening their competitiveness by quickly reflecting business changes."

On the 29th, at the Koscom headquarters in Yeongdeungpo-gu, Seoul, Lee Jong-gi, Head of Koscom Financial Business Division, and Ha Chang-seok, CEO of Open Labs, are attending the signing ceremony for the joint development project of the next-generation framework platform exclusively for the financial investment industry and posing for a commemorative photo. (Photo by Koscom)

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