DataSolution Completes Hana Bank’s “IB System Upgrade Project”
IT DAILY ·
✦ Resumen de IA
DataSolution said it had completed the “Hana Bank IB System Upgrade Project” for Hana Bank’s IB Group.
The project included integration with domestic and overseas account processing systems and the establishment of a dedicated information framework for IB Deals.
Hana Bank can now manage IB Deal information in an integrated way throughout the entire process, from Deal consultation to closing and post-management.
DataSolution announced on the 6th that it had completed the “Hana Bank IB System Upgrade Project” for Hana Bank’s IB Group. The project was pursued as a full-scale overhaul of the investment banking (IB) information management framework.
The project included integration with domestic and overseas account processing systems and the establishment of a dedicated information framework for IB Deals. It integrated IB Deal information that had been distributed across multiple systems and departments, and the core of the project was to unify IB Deal information.
DataSolution explained that, amid the recent resurfacing of bad-debt risks in real estate project financing (PF), the project helps lay the groundwork for strengthening internal controls at the bank.
According to materials released by the Financial Services Commission in July, total PF exposure as of the end of March 2026 stood at KRW 169.8 trillion, down KRW 4.5 trillion from the previous quarter. At the same point, the delinquency rate on PF loans in the financial sector was 4.65%, up 0.77 percentage points from the previous quarter.
Financial authorities are pursuing the establishment of a “PF Integrated Information System” for ongoing monitoring of PF projects. The basis for the push is the “Real Estate Development Project Management Act,” enacted in May 2025, and the target for implementation is May 2027.
Research institutions, including the Korea Development Institute (KDI), have continued to call for medium- to long-term alternatives to prevent a recurrence of PF distress. They said there is a need for a system that continuously assesses the financial condition and business viability of each project site, and also said a comprehensive risk management system needs to be established.
This move by the government to establish an integrated information system suggests growing need for each financial company to have its own IB Deal information system.
IB Deal information within Hana Bank’s IB Group is distributed across multiple systems. IB Deals differ in structure and terms from transaction to transaction. Because of this unstructured nature of IB Deals, integrated and standardized management is needed.
Hana Bank said it established an IB Deal information framework through DataSolution that links domestic and overseas account processing systems. The scope of the build covered the entire process from Deal consultation to closing and post-management, and related systems were also completed.
With this build, Hana Bank can now maintain a consistent flow of information throughout the entire process, from Deal consultation to closing and post-management. Based on this, it secured a foundation for integrated management and analysis of IB Deal information as well as a marketing base for discovering future Deal opportunities, and it can also improve the inefficiency of manual report writing and strengthen transparency in the fund disbursement process, a Hana Bank official said.
A DataSolution official said the project delivered a digital transformation achievement across Hana Bank’s entire IB workflow. The company added that it plans to continue supporting digital transformation in the IB area going forward.
Source: IT DAILY · Kwon Young-seok
Original: https://www.itdaily.kr/news/articleView.html?idxno=242014
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Source: IT DAILY
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