NAVER CLOUD, P2P company on-to-method certification audit support

Provided by Naver Cloud.

Naver Cloud announced on the 19th that a total of 10 companies completed on-investment company certification this year through support for the preparation of the Online Investment Linked Financial Business Act (hereinafter referred to as the On-Investment Act) for P2P (Online Investment Linked) companies.

In order to institutionalize P2P finance and protect users of P2P finance, the financial authorities implemented the On2P Act, which includes screening requirements such as security regulations, infrastructure composition, and equity capital, for P2P companies since August last year. At the end of last year, NAVER CLOUD started the ‘On-Two Method Promotion’ based on its financial cloud infrastructure and experience in responding to the On-Two Method.

The promotion included infrastructure consulting, initial construction benefits, and on2method response consulting, including the payment of a credit worth 5 million won to use the NAVER Cloud Platform solution for companies that have confirmed to participate in the on2method program.

Through this, a total of 10 companies (Y Fund, BF Fund, Red Rocket, Funding 119, Reading Plus, Oasis Funding, Loan Point, V Funding, Profit, and FM Funding) completed the on2 method company certification this year.

When P2P companies use public cloud through CSP when building infrastructure in the financial sector, they can reduce the cost of initial infrastructure construction compared to private infrastructure and focus more on business capability development. By utilizing continuous scalability, stable security, and data analysis technology in the cloud, it becomes possible to develop more competitive and efficient business capabilities.

NAVER CLOUD’s financial cloud platform satisfies the Financial Security Agency’s cloud stability evaluation criteria 100% and provides customized solutions for finance and fintech based on solid IaaS. It meets the high stability demanded by the financial industry based on multi-zone configuration for traffic distribution and in-depth data management through segmentation of storage products. In addition to the CSAP (Cloud Security Assurance Program) required to provide cloud services for public and financial institutions, it also acquired MTCS (Multi-Tier Cloud Security), a Singapore cloud security certification for the first time in Korea, resulting in unrivaled security performance. Based on safety, it is strengthening its competitiveness in the global cloud market beyond the domestic market.

Y-Fund CEO Lee Yoo-gang said, “Naver Cloud’s physical security facilities are expected to play a major role in Y-Fund’s position as a financial institution in the institutional sector, and NAVER Cloud’s financial cloud infrastructure will play a major role in enhancing the reliability of the overall On2Up industry. It looks like it will,” he said.

Kim Hyun-joon, Executive Vice President of BF Fund, said, “The successful registration was possible thanks to Naver Cloud’s speedy support for providing and building all the infrastructure information necessary for the creation of computer and physical facility-related materials during the on-to-up registration process. Perfect security facilities and monitoring are contributing to the expansion of sales by giving BF Fund investment customers confidence in information security.”

“Based on Naver Cloud’s specialized financial cloud infrastructure, we have supported investors to build a trustworthy and reliable investment environment,” said Hwa-Young Lee, director of commercial sales at Naver Cloud. We will spare no effort to support companies so that they can actively develop their business capabilities based on the solid infrastructure of NAVER Cloud.”

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