Korean FinTech BankSalad Launches HealthTech Service

BankSalad, healthtech, fintech, Korea

Korean FinTech BankSalad has expanded beyond its financial data platform to enter the world of health technology.

As Korea Tech Desk reported Monday (April 11), the company — run by the startup Rainist — has launched “Find My Dangerous Disease,” a service that offers statistical incidence rates of potential diseases using personal health data.

“The field with the highest potential for use after financial is health,” said Park Jin-woo, product manager for BankSalad. “Following genetic testing, BankSalad will create a new paradigm of data-based smart health management with the ‘Find My Dangerous Disease’ service.”

Working with digital health startup Selvas AI, Find My Dangerous Diseases analyzes a person’s health data based on disease incidence statistical data. The tool can predict 10 major diseases: stroke, diabetes, heart disease, dementia, stomach cancer, colorectal cancer, liver cancer, lung cancer, prostate cancer in men and breast cancer in women.

The company calculates a person’s statistical incidence rate prediction by evaluating their health check-up record from South Korea’s National Health Insurance Corporation, along with the age, gender and family history of the user.

In addition, users can look up information about disease management, including symptoms and complications for various diseases, average medical costs and peer comparison. They can also access their health data from a prevention perspective and get information on exercise and lifestyle choices to better manage their health.

See also: Medical Image Sharing Platform Aims to Put DVDs of MRIs on the Scrap Heap

In other health news on Monday (April 11), PYMNTS spoke with Rishi Nayyar, co-founder and CEO of digital health information firm PocketHealth, about the battle to move healthcare providers away from legacy technology like CD-ROMs and DVDs for sharing test results.

“It seems like in March 2020, every hospital in America woke up and realized, ‘Oh, my God, I can’t burn CDs anymore. I don’t even have PPE for my own staff, let alone patients coming in to pick up a CD-ROM,’” Nayyar said. “We’ve seen massive growth since then.”