The Seogumwon has completely revamped its application to enhance the convenience of financial product usage for low-income and vulnerable groups.
On October 8, Seogumwon announced the redesign of its comprehensive platform app, 'Connecting Low-Income Finance,' which offers financial product comparison and inquiry services.
The app allows users to compare policy-based financial products with general credit loans while linking various support services related to employment and welfare. Currently, it compares 110 financial products from 67 financial institutions based on favorable conditions such as interest rates and limits.
The key aspect of the revamp is the simplification of the financial product inquiry process. Previously, users had to go through a three-step process to check first-tier financial products and combined support before separately verifying second-tier and policy-based financial products.
Now, users can check policy-based financial products along with first- and second-tier financial products in one step, followed by a second step to review combined support services related to employment and welfare.
Additionally, the app has been updated to improve the display of financial institution names and logos, and it now includes essential information for product selection, such as prepayment fees and the necessity of account opening, alongside existing details like interest rates, limits, eligibility, and repayment methods.
According to Seogumwon, the revamp has reduced the inquiry process, cutting the time required for product inquiries by approximately 30%. Compared to the previous three-step method, users can save about 30 seconds to a maximum of one minute.
Kim Eun-kyung, head of Seogumwon, stated, "This revamp focuses on making the financial product inquiry and comparison process easier and more intuitive for users. We will continue to improve the delivery system to ensure that citizens can conveniently access financial and combined support services related to employment and welfare."
* This article has been translated by AI.
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