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General

SK Telecom, Nautilus Hyosung team up on bank branch services

Friday 10 June 2011 | 01:45 CET | News
Korean communications firm SK Telecom has it signed a Memorandum of Understanding (MOU) with Nautilus Hyosung, a local ATM company, to develop a dedicated device for Smart Branch service, which is being promoted as part of the company's Smart Finance business. Smart Branch is a mini branch that uses SK Telecom's ICT services to offer banking services, previously provided only at bank branches. Consisting of a tablet PC, screen and ATM module developed exclusively for the service, Smart Branch offers video banking/consulting services, basic banking services, loan applications, join/terminate bank programme, and account openings. Under the MOU, SK Telecom and Nautilus Hyosung will jointly develop a dedicated device for Smart Branch and prepare a trial project scheduled before year-end with Korea Exchange Bank. In April 2010, SK Telecom and Korea Exchange Bank entered into an MOU to promote Smart Finance business, which includes smartphone banking and smart payment.


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Categories: General
Companies: SK Telecom
Countries: Korea, Republic of
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