ITCEN Group Participates in KCD Internet Bank Consortium

Second Official Participation in KCD Consortium Following Woori Bank

Comprehensive IT service company ITCEN Group has expressed its intention to participate in the internet-only bank consortium led by Korea Credit Data (KCD).

Korea Credit Data announced on the 4th that ITCEN Group has submitted a letter of intent to invest in the KCD consortium. ITCEN Group became the second company to officially express its participation in the KCD consortium, following Woori Bank.

KCD provides specialized services for small business owners through its management service "Cash Note," which serves 1.4 million small business operators nationwide. In 2022, it established Korea Credit Information, a dedicated personal business credit rating agency, together with Kakao Bank, SGI Seoul Guarantee, KB Kookmin Bank, and others.

Founded in 2005, ITCEN Group is a leading comprehensive IT service company in Korea, driving the domestic public IT service industry. It has particular expertise in the public sector, having developed systems such as the National Tax Service Hometax and the Ministry of Strategy and Finance’s financial support system.

Kim Dong-ho, CEO of Korea Credit Data, said, “With ITCEN Group’s participation, the KCD consortium has laid a foundation to implement more stable financial services,” adding, “All consortium member companies will join forces to create the first bank dedicated to small business owners.”

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