Established in 1897, Shinhan Bank is the oldest bank in Korea. As a representative bank, it currently has more than 900 branches in Korea and has led the technological change in the Korean financial sector. Globally, Shinhan Bank is expanding overseas services through its 163 networks in 20 counties.
To offer customer-centric services across its global subsidiaries, Shinhan Bank and Red Hat teamed up to build a central frontend processing system for its open banking service. With Red Hat managing the creation of its new frontend processing system platform, the bank’s teams could instead focus on implementing microservices and gaining open source experience with less risk.
Several global development and information communications technology staff completed Red Hat Training in remote and on-premise courses. Red Hat Training on Red Hat OpenShift development and administration enabled Shinhan Bank to use Red Hat OpenShift and integration technology to build a container and microservices-based service foundation.
- Reduced time to market for digital services by more than 50%
- Established a standard continuous integration and delivery (CI/CD) approach optimized for hybrid cloud
- Gained expert support for container and microservices adoption
- Reduced development and operating costs by 60%
“I always emphasize to my staff that they should try and gain new experience, even though they might fail. It’s the best way to enhance their abilities and confidence with new technologies.”
Si Hyeong Bae
CIO and Head of ICT Division