Facilitates their customer services such as
a personal asset management or non face-to-face services.
Banks developed various asset management services to attract more customers and build permanency in
relationship with existing customers, which leads to Coocon. More and more banks are connecting with Coocon APIs
to get the most comprehensive and accurate financial data from other banks, securities, insurance companies,
housing market, etc.
KB Kookmin Bank, one of three major banks in Korea,
launched an app "KB my money" combining with
500+ Coocon APIs.
KB my money provides users a comprehensive
personal asset management service based on Coocon's
financial data APIs - banks, securities, insurances,
real-time housing markets, etc. With the most comprehensive
financial data provided by Coocon, KB my money enables
users to check and manage all of their assets in one place
with single login.
Digital transformation in finance industry has increased the customers’ demands for financial services available
from anywhere at anytime. To meet the needs of customers, financial institutions are adding Coocon APIs
such as Verification, Document Authentication, etc.
SK Securities provides innovative financial services
in the securities market in Korea. It has initiated
mobile trading services and recommendation services
based on financial engineering and technology.
In the procedure for opening a brokerage account,
SK Securities verifies customers' ID as quickly and
securely as possible using "ID Card Verification API"
which through Coocon Financial Cloud Center.
Many financial services such as lending had tasks that depended on searching for physical documents, but
digitization makes that no longer necessary. Coocon APIs eliminate a large volume of paperwork by providing
data to their system directly.
Hyundai Insurance with 2,100 branches worldwide
automates their cumbersome manual process
using Coocon APIs containing a large amount of
data from public institutions.
By connecting Coocon APIs to its internal system, all departments
easily obtain data from external sources such as certificates
that are essential for insurance contracts.