Airwallex said on Tuesday it has acquired South Korean company Paynuri, which holds licences including for electronic payment gateway services and prepaid electronic payment instruments, and is registered to conduct foreign exchange business. Airwallex said the licences would strengthen its ability to support Korean companies’ global expansion and help businesses operate smoothly in Asia Pacific. It plans to launch global business accounts and payment acquiring in Korea, followed by additional services this year.

Techfin Ratings, a fintech-focused affiliate of Duzon Bizon, launched a service on Wednesday to calculate “monthly financial statements” that help assess corporate financial soundness on a timely basis. The service breaks down evaluation methods that relied on annual settlement data into monthly units. The company said its AI algorithm, developed using bookkeeping data, achieved more than 90 percent consistency based on operating profit. Techfin Ratings also signed a data supply deal with Shinhan Bank.