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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.

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