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Top core banking solution, B@NCS provider in Korea
Curocom has B@NCS (Banking Automation & Network Control System), the leading core banking solution that has been used by major financial companies for more than 10 years in Korea. B@NCS was provided by a Korean branch office of Financial Network Services, Australian company originally. FNS.Com, a Korean company was incorporated in 2000, was granted a license to sell and implement B@NCS within Korea and would pay the license fee amounting to KRW 5,934 million to Financial Network Services. While FNS.Com was operated in Korea, it was merged into Curocom in June 2005. The 14 Korean financial institutions and companies including KB Bank, National Forestry Cooperatives Federation, BC Card, Shinhan Bank, Korea Exchange Bank, Korea Development Bank, Hyundai Card/Hyundai Capital, LG card, HK Mutual Savings Bank, Long Term Credit Bank, Hanil Bank, Jeonbuk Bank, Kyeong Gi Bank, Koram Bank has been using or used B@NCS. In 2009 B@NCS was appointed as a framework of Nation Federations of Fisheries Cooperatives. The solution division has also succeeded in receiving an order of Busan Bank next-generation system building project with SK C&C and will be installed in Busan Bank.
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IT products distribution
IT products distribution division of Curocom has been structuring a sales network based on the competitive TFT LCD products made by Green ITC and MOTVCNC. Distribution division has been supplied with their products consistently under a distributor contract and is planned to distribute other products including Viewsonic’s products. Addtionally, Curocom is scheduled to provide not only the products for consumer but also the products for company considering their synergy effect with the provider of B@NCS.
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