Sumary of JB Financial launches platform integrating data across affiliates:
- JB Financial Group’s headquarters in Jeonju, North Jeolla Province / Korea Times fileBy Yi Whan-wooJB Financial Group said Thursday that it has launched a platform that integrates data from all of its affiliates, becoming the country’s first banking group to bring together clusters of data that had been managed by individual lending units.
- The group said that the so-called “Data Hub” was made possible by using cloud computing technology that it developed on its own.
- The big data platform stores financial and other relevant data compiled by Jeonbuk Bank, Kwangju Bank, JB Woori Capital and other units.
- “It is believed that the data platform will allow the data to be processed up to 56 times faster than now,” a JB Financial Group staff member said.