SEOUL, Feb. 17 (Korea Bizwire) — SK Telecom Co., South Korea’s leading mobile carrier, announced Tuesday that it will join hands with the local unit of British banking giant Standard Chartered Bank to set up the first MyData Cloud system in the banking sector.
MyData collects private credit information dispersed throughout various financial firms to allow users to access them from a single platform.
The two companies signed a contract early this month to build a storage system within Standard Chartered Bank Korea Ltd.’s cloud service to store MyData and other information on private asset management and solution analysis.
SK Telecom plans to work with local cloud consulting firm Bespin Global Co. and U.S. tech giant Microsoft Corp. to set up a cloud on Microsoft’s Azure and begin service in July.
It plans to set up infrastructure for the cloud and MyData analysis program to allow Standard Chartered to efficiently collect, analyze personal data, and offer innovative services.
The company will also support the bank to meet cloud compliance requirements, and offer upgrades to the bank’s mobile banking system by the end of October.
M. H. Lee (firstname.lastname@example.org)