Financial Supervisory Service and Korea Development Bank Expand and Revamp Financial Education App for the Digitally Vulnerable

The Financial Supervisory Service announced on December 11 that it has expanded and reorganized its 'Smart Senior' app, previously aimed at the elderly, into 'Smart Together,' a financial education app designed to cover the entire digitally vulnerable population.

The original 'Smart Senior' app was developed exclusively for the elderly among the digitally vulnerable, offering only limited features such as account inquiry and transfer practice. The Financial Supervisory Service explained that the app has been completely revamped to enable digitally vulnerable users to safely practice essential mobile financial transactions and strengthen their ability to prevent financial fraud.

Through this reorganization, new features have been added to allow users to practice opening accounts remotely and issuing financial certificates. A new 'Financial Fraud Prevention' education screen has been introduced, guiding users to learn about the latest financial fraud cases and techniques, such as AI-based voice phishing.

The scope of education has also been expanded from the elderly to include juniors. A friendly and entertaining quest-style education screen featuring the Korea Development Bank character 'Kkukkkukgom' has been newly introduced.

Additionally, the interface has been redesigned to be more user-friendly. The screen (UI) now mirrors that of the actual Korea Development Bank mobile financial app, enhancing realism and enabling practical education.

By removing the excessive 'educational mock transaction' watermark from the previous version, readability and user convenience have been improved, while the phrase 'educational screen' is now always displayed at the top of the app. Furthermore, multiple safety measures have been implemented, such as a screenshot prevention feature, to prevent the app screen from being misused for financial fraud.

The Financial Supervisory Service has decided to distribute the app for free via Google Play Store so that anyone in need can freely download it. The app will be actively used not only for digital financial education for the elderly, such as through the Financial Sarangbang Bus, but also for hands-on financial education for juniors.

The Financial Supervisory Service stated, "We plan to gradually add mobile financial features frequently used in daily life, such as subscribing to financial products, simple payments, and retirement pensions, in an experiential financial education format. We will also continue to expand content reflecting junior-oriented topics such as allowance management and balancing saving and spending, as well as the latest financial fraud prevention scenarios."

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