Lotte Card establishes financial data platform with Red Hat
Lotte Card is a South Korean credit card company founded by Lotte Corporation, the largest distribution and varied service network in the country. Lotte Card issues credit cards, payment plans, leasing, loans, and cash advance options to over 8.8 million people nationwide and employs over 1,500 individuals.
Challenge
- Support Korean government’s MyData program to maintain overall market competitiveness
- Develop new applications to optimize system’s performance and comply with data and security regulations
- Build a single platform that allows access to financial data from different institutions
Solution
- Established an optimized Kubernetes architecture with Red Hat OpenShift Container Platform
- Developed container-based applications
- Built a platform to collect customer’s expenses and financial information
Benefits
- Accelerated service launch and increased scalability to meet unexpected demands
- Provided more efficient and reliable services to customers
- Allowed access to financial data from different institutions on a single platform
Lotte Card was keen to support the government’s MyData program, due to the immense benefits it provided to our end users. However, our existing applications and systems needed an uplift to optimize its performance and ensure compliance with new security regulations. Red Hat’s open source solutions provided the right fit to form the new base of our systems and offered us capabilities to address our customers’ needs for the safety and protection of their financial data. This has allowed us to actively participate in the program and deliver an improved user experience to our customers.
Customer name
Lotte Card
Industry
Financial services
Software
Red Hat® Enterprise Linux®, Red Hat Enterprise Linux for Virtual Datacenters, Red Hat OpenShift® Container Platform
