Korea’s Hana Financial Group moves to Oracle cloud platform

The bank aims to broaden its service offerings by taking advantage of the newest technologies such as AI and blockchain.

ai, blockchain, business continuity, cloud, korea


Hana Financial Group (HFG) has completed a large-scale migration of its mission-critical applications to the public cloud working with Oracle. The migration is part of HFG’s digital transformation of its operations.

Hana Members, HFG’s integrated membership service and digital financial lifestyle platform with over 15 million users, is taking the lead in the journey to an Oracle Cloud Infrastructure. With the migration, the banks aims to meet evolving customer needs, enhance business efficiency, and adjust to the rapidly changing business environment in the financial services industry.

Unveiled in October 2015, Hana Members enables customers to earn points based on usage of their Hana credit card and other bank services, such as savings, insurance, foreign exchange, and investments. Members can also earn points at participating Hana Money merchants and use those points for various services and payments.

As part of the move, HFG aims to broaden its service offerings by taking advantage of the newest technologies from Oracle, including AI and blockchain.

HFG uses a wide range of Oracle Cloud Infrastructure services, including Oracle Database Cloud Service and Oracle Identity Cloud Service, having migrated the on-premises systems supporting Hana Members in September 2020. These cloud services are helping Hana Members boost operational efficiency and enhance business agility, enabling Hana to better meet customer needs more cost-effectively and with improved security.

“Such a large-scale cloud transformation project is unprecedented in the finance industry, not to mention within HFG,” the company said in a press release. “By migrating these mission-critical systems, Hana Members will benefit from innovation driven at a corporate, strategic level, with a focus on enhancing the quality of life for HFG’s customers.”

The contract was won in a competitive tender that included major local and global cloud vendors. It also strengthens the existing relationship between HFG’s GLN (Global Lifestyle Network) and Oracle.

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