FinTech Alliance SaaS Solution Marks Change in Korean Finance Market
12CM partners with Korea’s biggest cloud service provider, Naver Business Platform, to launch cloud-based FinTech solution, expects change in the domestic FinTech market landscape 12CM’s Jeong Gyoun Han, CEO, announced that the smart stamp software platform provider has recently inked a collaboration deal with Naver Business Platform (NBP). NBP is a fully independent subsidiary company of Naver Corporation specializing in cloud IT infrastructure and services (Naver being Korea’s largest search engine as well as operating LINE, the #1 chat service in Japan, Taiwan, and Thailand.) The deal will see the Echoss Stamp developer’s Open API and Finance Microservice implemented in a FinTech SaaS solution aimed at financial institutions. Traditionally, such financial services have required strict security measures making cloud-based service development difficult. The fact that cloud technology makes use of a wide variety of frameworks and open source code means that financial institu