Preventing Financial Fraud Using Communication Data... Hana Bank Partners with KCB

Mobile Phone Activation Status and Line Information Utilization

Hana Bank is teaming up with the comprehensive credit rating agency Korea Credit Bureau (KCB) to prevent various types of financial fraud.

Hana Bank announced on the 21st that it has signed a business agreement with KCB to establish a joint response and mutual cooperation system to protect financial consumers from telecommunication financial fraud.

Accordingly, the two companies plan to collaborate in various areas such as ▲applying telecommunication and credit data to prevent financial fraud ▲preventing illegal identity theft financial crimes ▲blocking non-face-to-face financial fraud, and protecting financial consumers.

First, Hana Bank plans to be the first commercial bank to receive, analyze, and utilize telecommunication data such as mobile phone subscription status and line information through a credit rating agency to prevent financial fraud occurring in non-face-to-face financial transactions.

In addition, to respond more effectively to evolving non-face-to-face financial fraud, the joint response system with KCB will be strengthened. The scope of collaboration will be expanded across all financial transactions conducted via smartphones and online, from non-face-to-face account openings to non-face-to-face loans.

Lee Seung-yeol, CEO of Hana Bank, said, "Through this agreement, we have been able to further strengthen our financial fraud response capabilities to protect customers from telecommunication financial fraud. We will actively respond to the increasingly widespread financial fraud and continuously enhance security to provide financial consumers with a safer financial transaction environment."

Hwang Jong-seop, CEO of KCB, said, "We hope that this business agreement will serve as a catalyst for the service to quickly expand not only to banks but to the entire financial sector, allowing financial consumers to conduct financial transactions with peace of mind from identity theft damage in a non-face-to-face environment."

Lee Seung-yeol, CEO of Hana Bank (right), and Hwang Jong-seop, CEO of KCB, are taking a commemorative photo after signing a business agreement on the 18th at Hana Bank Euljiro Headquarters in Jung-gu, Seoul. (Photo by Hana Bank)

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