Bankware Global submits preliminary review request for KOSDAQ listing…

Bankware Global (Representatives Lee Kyung-jo and Lee Eun-joong), Korea’s only core banking system company, announced on the 8th that it submitted a listing preliminary review request for KOSDAQ listing to the Korea Exchange on the 7th. 
 
Bankware Global passed the technology evaluation in November last year and completed preparations for technology special listing. The company will begin the initial public offering (IPO) process with the goal of listing in the second half of this year. The representative underwriter is Mirae Asset Securities. 
 
Bankware Global, established in 2010, is Korea’s only core banking software company that has supplied its self-developed core banking system to major domestic and overseas financial institutions. The core banking system is the core engine responsible for financial transactions with customers, including bank deposits, loans and foreign exchange operations. The overall sales, operation, and processing of products handled by banks, such as deposits, savings, and loans, are implemented. However, the existing core banking system has been pointed out as being overly complex and rigid, slow in responding to rapidly changing financial markets, and having low customer satisfaction. 
 
Bankware Global’s core banking software implements all financial tasks easily and quickly, and has a built-in financial common task framework to converge and expand each task. Cloud-based ultra-large distributed database technology has also been implemented so that users can virtually infinitely improve solution performance. In addition, it allows users to quickly launch hyper-personalized financial products through the financial product factory within the solution without the need to develop programs themselves. Currently, Bankware Global’s clients, including large global banks, card companies, and capital companies, are rapidly developing and operating more than 100,000 types of financial products and services. 
 
 
In the early days of its establishment, Bankware Global solidified its business foundation by building core banking solutions for China’s largest banks and Alibaba’s internet bank MyBank. Since then, it has expanded its business to overseas market through the Philippines’ first cloud banking system, and Taiwan’s Line Bank system, and has currently attracted over 100 customers in East Asia. 
 
Eunjoong Lee, CEO of Bankware Global, said, “As the demand for advanced digital banking services increases, the need for our core banking solutions that are flexible and capable of rapid expansion is also growing.” He added, “With the listing on KOSDAQ, we are accelerating our expansion into overseas markets.” “We will become a global top 5 financial software company,” he said.