InSWave Wins Next-Generation Terminal UI Contract for Korea Federation of Savings Banks ... Continues Its Win Streak in the Financial Sector
IT DAILY ·
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InSWave won a contract for next-generation terminal UI and HTML5-based integrated terminal conversion in the Korea Federation of Savings Banks' IFIS next-generation build and IT equipment integrated maintenance project.
InSWave and SK Co., Ltd. (SK AX) signed an implementation contract on the 6th, the contract was disclosed on the 7th, and the contract size is KRW 3.4649 billion.
The contract period runs from Oct. 12, 2026, to April 30, 2028, and the contract amount equals 8.89% of consolidated revenue for 2025, which was KRW 38,958,020,000.
AI and DX specialist InSWave said on the 16th that it had won a contract for next-generation terminal UI and HTML5-based integrated terminal conversion in a project related to the Korea Federation of Savings Banks. The project is titled the Korea Federation of Savings Banks' "Integrated Financial Information System (IFIS) Next-Generation Build and IT Equipment Integrated Maintenance."
The contract covers HTML5-based integrated terminal conversion. InSWave won the Korea Federation of Savings Banks' next-generation terminal UI project.
InSWave and SK Co., Ltd. (SK AX) signed an implementation contract on the 6th. The contract was disclosed on the 7th. The contract size is KRW 3.4649 billion, and the contract amount is based on supply value excluding VAT.
The contract amount equals 8.89% of consolidated revenue for 2025, which was KRW 38,958,020,000. The contract period runs from Oct. 12, 2026, to April 30, 2028. Through this contract win, InSWave is continuing its run of financial sector terminal conversion orders in the second half of the year.
InSWave will handle the HTML5-based integrated terminal conversion in the Korea Federation of Savings Banks' next-generation build project, for which SK AX was named the preferred bidder. The project targets IFIS, the industry-wide computing system jointly used by 67 savings banks, and the Korea Federation of Savings Banks is pursuing it with the goal of building a digital financial environment and improving core banking capabilities. The total project size is about KRW 170 billion, and the launch is planned for the first quarter of 2028.
Because IFIS is a shared computing system jointly used by multiple savings banks on a single system, screen consistency and operational stability are presented as important factors during the conversion process. InSWave will carry out the conversion using its own platforms, including WebTop, a financial integrated terminal webtop based on the HTML5 web standard.
InSWave has been carrying out consecutive next-generation UI conversion projects in the financial sector since the second half of the year. This year, it took on NH NongHyup Bank's "Project NEO account system next-generation terminal conversion" and the second phase of Meritz Fire & Marine Insurance's business system UI conversion project, and in June it also signed a contract with LG CNS for a core banking modernization web terminal conversion.
CEO Ahn Se-ryong of InSWave said that banks, insurers, and savings banks differ in how they work, but the need for stable screens used daily by employees is common. To meet that need, he said the company would mobilize all of its financial sector terminal conversion experience to build a reliable terminal environment at every savings bank branch.
In line with that, InSWave plans to implement its assigned UI areas without disruption during the contract period and support the next-generation build of IFIS. The company also plans to use this shared computing project as a springboard to expand its response to demand for web-standard terminal conversion across the financial sector.
Source: IT DAILY · Yang Seung-gap
Original: https://www.itdaily.kr/news/articleView.html?idxno=242239
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Source: IT DAILY
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