NH Bank Launches Non-Face-to-Face MMT Subscription Service

NH Bank is accelerating the expansion of its non-face-to-face services in response to changes in the digital financial environment.

On May 18, NH Bank announced the launch of its non-face-to-face subscription service for specific money trusts (MMT), becoming the first bank to do so.

MMT products aim to generate returns by investing in short-term financial instruments, such as issued notes. They are characterized by high liquidity, allowing for frequent deposits and withdrawals. Demand for these products has increased recently due to heightened interest rate volatility amid conflicts in the Middle East.

With this new service, individual customers can receive product information and complete the subscription process through NH Bank's smart banking and other non-face-to-face channels, all conducted via video call without the need to visit a branch.

An NH Bank representative stated, "This service was designed to enhance financial accessibility for customers who find it difficult to visit branches and to create a more convenient product subscription environment. We will continue to expand our digital services in the future."