| Mobile Web

Search results for Banksalad

Finance

Household loan cap raised to 3 percent; scraping to be phased down

South Korea’s financial authorities loosened parts of their household loan management stance by raising this year’s lending growth target to 3 percent from 1.5 percent and planning 47.8 trillion won-plus in housing supply finance support. The move is expected to expand banks’ annual capacity for household loans to around 60 trillion won. Authorities also agreed not to block scraping all at once, opting to phase it down while preparing alternatives such as public MyData.

Finance

Banksalad expands AI-based insurance consulting with first BFS cohort

Banksalad completed its first cohort of the BFS financial solution expert internship program using an AI-based system for insurance consulting and operations. Its subsidiary Banksalad Financial Service stores business data in an in-house AI operating system to support work and decision-making. The AI supports consulting and operations management. The company reported an average monthly initial premium of 800,000 won per expert and a 100 percent activation rate.

Finance

Fintech posts record results as payment touchpoints expand, signs of loan curb easing

Major fintech firms posted strong first-half results as growth in payments and financial services lifted revenue and profit, with overseas payments and new businesses also expanding. Payment companies are widening links into daily life through merchants, local currencies and transport, while firms bundle payments with other services. As businesses grow, demands for soundness management rise. Separately, there are signs of partial adjustments to loan regulations, while bank lending volume controls continue.