KT·KT DS Consortium, Shinyoung Securities Financial Cloud Migration

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[Asia Economy Reporter Koo Chae-eun] KT is promoting a project to transition the entire major financial transaction system of Shin Young Securities to the cloud in a consortium with KT DS.

According to statistics from the Financial Supervisory Service on the 9th, the cloud adoption rate among financial companies is 38%, but about half of that (41.4%) is used in less critical areas such as internal business systems. The case of fully adopting financial sector systems to the cloud is the first with this project by Shin Young Securities. In this transition project, KT will demonstrate its capabilities as a leading domestic Cloud Service Provider (CSP), while KT DS will strengthen its role as a Managed Service Provider (MSP) to create business synergy.

The core of Shin Young Securities' cloud transition project is to gradually convert key systems directly accessed by customers, such as the Home Trading System (HTS) and Mobile Trading System (MTS), to the cloud. The KT consortium plans to cooperate in Shin Young Securities' digital transformation through an AI/DX platform that combines AI, big data, and cloud technologies. Having steadily prepared for digital transformation, Shin Young Securities will be able to use system resources faster and more flexibly than before through the cloud transition with the KT consortium. This is also expected to improve overall work productivity.

Specifically, KT will support smooth cloud transition based on its cloud and network operation capabilities and plans to utilize the 'Connect Hub,' which can link the customer's data center and KT cloud as one. KT DS, as the project execution partner, will support the smooth cloud transition of Shin Young Securities' customer services through quality management and consulting.

Yoon Dong-sik, Head of KT Cloud/DX Business Division (Executive Vice President), said, "This Shin Young Securities cloud transition project is an important project that converts all major systems to the cloud for the first time in the financial sector," adding, "KT will maximize synergy with its group company KT DS and actively support the digital innovation of our customers."

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