WOORI FIS

What WOORI FIS does

WOORI FIS is the dedicated financial IT services arm and wholly-owned subsidiary of Woori Financial Group (우리금융그룹), one of South Korea's largest financial conglomerates. Founded in 1989 and headquartered at the Woori Financial Sangam Center in Mapo-gu, Seoul, the company provides end-to-end IT services — system integration (SI), application management (SM), infrastructure operations, data center services, and digital transformation — exclusively to the group's domestic and overseas affiliates.

The company operates a three-division platform architecture: an IT Services division handling integrated systems for group companies; an Infrastructure division managing IT facility design, construction, VDI operations, and data center operations (including a 9th-floor data center expansion at the Sangam headquarters and a Shanghai data center for overseas operations); and a Compliance division overseeing information security, quality assurance, and regulatory adherence. Underlying technology assets include a proprietary Group Cloud Platform (the first standardized cloud platform built for a Korean financial group, 2023), a Standard Development Framework (the first in the Korean banking sector, 2023), and an extensive module portfolio spanning financial asset systems (trading, custody, retirement pension), risk management (credit risk, ALM, AI-based fraud detection), digital channels (internet/mobile banking, MyData, blockchain, CBDC pilot), and AI capabilities (AI voice bot, AI market prediction, chatbot automation).

WOORI FIS generates revenue under Total ITO (IT Outsourcing) contracts and project-based SI engagements with Woori Financial Group subsidiaries — 13 domestic entities including Woori Bank, Woori Card, Woori Financial Capital, Woori Investment Securities, ABL Life, and others — plus 5 overseas Woori Bank entities (China, Indonesia, Vietnam, Europe, Philippines) and 21 overseas branches. The company maintains 35 active SI projects (21 for Woori Bank, 9 for Woori Card, 5 joint), operates a 24/7 integrated control center, and supports a workforce pipeline through the WooriFISA Academy, which has produced 450+ trained financial IT professionals across six cohorts since 2023. Revenue figures are not publicly disclosed.

Name

WOORI FIS

Legal name

우리에프아이에스 (WOORI FIS)

Website

https://woorifis.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

11–50 employees

Short description

WOORI FIS is the captive financial IT services subsidiary of Woori Financial Group, providing system integration, infrastructure operations, data center services, and digital transformation exclusively to Woori Group's 13+ domestic affiliates and 5 overseas banking entities across Asia, Europe, and the Americas.

Ownership category

akta.pro rank

Product category

Financial IT Services

NAICS

Computer Facilities Management Services (541513), Computer Systems Design and Related Services (54151)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Captive/Global In-House Center (GIC) Setup & Managed Services (BPAEAMAK)

akta.pro secondary industries

ITIL/ITSM Process Consulting & Implementation (BPAEAJAB), Enterprise Application License Advisory, Vendor Management & Optimization (BPAEAGAO)

Keywords

• Financial IT services
• IT outsourcing
• Banking software systems
• Data center services
• Cloud infrastructure

Headquarters

HQ city

Mapo

HQ country

South Korea

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. IT Services Revenue: WOORI FIS generates revenue through providing comprehensive IT services to Woori Financial Group companies, including system integration (SI), application maintenance (SM), infrastructure operations, and data center services. The company operates under Total ITO (IT Outsourcing) contracts with group subsidiaries.
2. Digital Transformation Projects: Revenue from new digital business projects including AI consulting centers, blockchain platforms, MyData platforms, and cloud migration services for group companies.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

WOORI FIS is the dedicated IT services subsidiary of Woori Financial Group, providing integrated financial-IT services including system integration (SI), application maintenance (SM), IT infrastructure operations, and data center services to the group's 13 domestic affiliates and 5 overseas banking entities. The company delivers total IT outsourcing (Total ITO) contracts and digital transformation projects spanning cloud platforms, AI/ML systems (fraud detection, voice bots, market prediction), blockchain and CBDC pilots, MyData platforms, and regulatory compliance solutions for the banking, card, securities, insurance, and asset management sectors.

Product overview

WOORI FIS (우리에프아이에스) is a comprehensive financial IT services company and the sole IT subsidiary of Woori Financial Group. The company operates a platform-plus-modules architecture comprising three core divisions: IT Services (카드서비스본부) handling integrated IT systems for the group, Infrastructure (인프라보안본부) managing infrastructure design/construction/operations, and Compliance (컴플라이언스본부) overseeing quality, security, and regulatory compliance. The ITO (IT Outsourcing) business provides One-Stop services to 13 domestic group companies plus 5 overseas Woori Bank entities. Key product modules include financial asset systems (integrated trading, custody, retirement pension), risk management systems (credit, ALM, fraud detection via AI-FDS), banking platforms (internet, mobile, corporate), and emerging digital services (MyData, blockchain, CBDC pilot, AI consultation centers). The Digital R&D division drives innovation in fintech with AI-powered market prediction, voice bots, and automated chatbot systems.

Differentiator

Problem solved

Functional benefit

Brands

• 우리FIS 아카데미 (Woori FIS Academy / FISA): IT人才들을 교육하고 양성하기 위한 자체 기술 아카데미 프로그램. 실무형 디지털 인재 양성을 목적으로 금융 IT 전문가를 배출한다.
• 땡큐토큰 (ThankQ Token)
• 우리FIS 아카데미 (Woori FIS Academy)
• Woori CDF (Woori Coding Festival)

Products and services

• Total IT Outsourcing (ITO) Services
• IT Services (Card Services Division)

Quantifiable outcome

• Produced 450+ financial IT professionals through WooriFISA Academy (Batches 1-5 combined)
• +2 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability9 records

Feature5 records

Partnerships

Three partnerships are on record, tiered minor.

• Payup, Recycleet, QsentecminorStrategic or Co-development PartnerMOU signed for circulating resource transaction financial ecosystem expansion. Partnership to develop blockchain-based circular economy financial services.
• FinhavenminorStrategic or Co-development PartnerAgreement signed for token securities issuance (STO). Collaboration on security token offerings for the financial market.
• Hyundai Information Technology (현대정보기술)minorStrategic or Co-development PartnerMOU signed for core service module support project under Ministry of Knowledge Economy (2008)

Scale indicators5 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• SK C&C: SK Group's IT services subsidiary and major Korean SI/cloud provider, with deep financial-sector experience and proprietary cloud solutions. Comparable to WOORI FIS in offering full-stack IT services (SI, SM, infrastructure) to large enterprise and financial clients.
• NHN: Major Korean IT services and cloud provider offering payment, cloud, and enterprise IT services. NHN overlaps with WOORI FIS in cloud infrastructure, payment systems, and digital banking platforms, and is a credible broad incumbent across the Korean financial services IT stack.
• Samsung SDS: Samsung Group's IT services arm, offering large-scale SI, cloud, blockchain (Nexledger), and digital logistics solutions. Samsung SDS is a top-tier broad incumbent in Korean financial IT, with overlapping capabilities in cloud platforms and blockchain that compete directly with WOORI FIS's emerging digital portfolio.
• LG CNS: One of Korea's largest IT services companies, providing system integration, IT outsourcing, and ERP services across banking, manufacturing, and public sectors. LG CNS is a credible broad incumbent that competes with WOORI FIS for Korean financial-sector IT contracts and would be a primary external competitor if WOORI FIS expanded beyond its captive base.
• Tata Consultancy Services (Financial Services): Global IT services leader with deep banking and financial services practice across digital, cloud, and core banking modernization. TCS is a credible broad incumbent whose Korean subsidiary operations compete for Korean banking IT deals.
• Infosys (Financial Services): Global IT services firm with a Finacle core banking platform and broad financial services digital transformation capabilities. Infosys is a broad incumbent that competes with WOORI FIS for core banking modernization work internationally.
• Accenture (Financial Services): Global professional services firm with a major Financial Services practice covering banking technology, cloud migration, and digital transformation. Accenture is a broad incumbent whose global scale and offshore delivery model represent competitive pressure on Korean financial IT services firms of all sizes.

Emerging players

• Douzone: Korean ERP and cloud-native business platform provider with strong financial-sector exposure (banking and securities back-office systems). Douzone competes with WOORI FIS in the Korean financial-sector core systems and ERP-adjacent integration space.
• Hyundai Information Technology: Korean IT services firm with financial-sector system integration experience. Listed as a past MOU partner of WOORI FIS (2008) for core service module projects, and a credible emerging player in Korean banking IT, with overlap in financial SI delivery.

Direct peers

• NongHyup System (NH System): IT subsidiary of NongHyup Financial Group, providing SI, IT outsourcing, and digital services to the NongHyup Group in a structure highly analogous to WOORI FIS's relationship with Woori Financial Group. NH System is the closest direct peer given the captive-IT-arm model for a major Korean financial conglomerate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/woorifis

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WOORI FIS