Hana Financial Group combines new technologies including AI and blockchain

As part of Oracle’s strategic digital transformation initiative, Oracle has unveiled the case of Hana Financial Group (Chairman: Jeong-Tae Kim), the first in the Korean financial industry to transfer large-scale mission-critical applications to the public cloud through Oracle Cloud Infrastructure (OCI).

According to an Oracle press release, with Hana Financial Group’s integrated membership service and digital financial lifestyle platform, Hana Members’ cloud transition, which has more than 15 million users, Oracle is committed to meeting the diversifying financial customer demands of Hana Financial Group. It plans to support effective adaptation to the rapidly changing environment of the financial services industry by improving efficiency.

Hana Members is the first integrated financial membership service introduced in the financial sector in October 2015. Users accumulate points and use Hana Money based on the history of using Hana Card and the use of Hana Financial services such as savings, insurance, foreign exchange, and investment. It supports the accumulated points to be used for various services and payments. Hana Financial Group explained that it plans to gradually expand the service area for customers by incorporating new technologies including AI and blockchain.

Hana Financial Group completed the cloud migration of the system operating in the on-premises environment as of October last year, and introduced various OCI services including Oracle database and cloud platform. Based on this, it is enjoying a strong security effect as well as business agility and cost savings that can proactively respond to rapidly changing customer demand, based on maximizing work efficiency required for overall membership operation and management.

Hana Financial Group said, “The transition of large-scale major systems to the cloud is regarded as an unprecedented case not only in Hana Financial Group, but also in the domestic financial industry. By moving the mission-critical system to the cloud, corporate-level innovation is realized strategically in Hana Members and customers’ We want to improve the quality of life.” “Hana Financial Group has proven its data management capabilities in the process of maximizing business value through digital transformation, and cooperation with Oracle that supports a secure and stable enterprise platform and autonomous cloud technology. I have chosen.”

Oracle, which successfully hosted this project in which major domestic and foreign cloud providers participated in the competition for orders, plans to strengthen the cooperative relationship that has been with Hana Financial Group as a GLN (Global Lifestyle Network) building partner.

“I feel proud of being selected as a partner to carry out the Hana Members Cloud relocation project, a representative digital transformation case of Korean financial companies, and to be able to continue to cooperate,” said CEO Tom Song of Oracle Korea. “In the future, Hana Financial Group “On this cloud journey, we will help us meet rapidly changing customer demand through service innovation.”

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