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Finance
Toss Bank launches 10 percent savings product for new customers
Toss Bank launched a savings product for new customers on April 24 offering up to 10 percent annual interest. Only customers with no prior history of opening a Toss Bank account before April 21 can join, with one account per person. Sales run until May 19 but may end early once 100,000 accounts are filled. The product has a three-month term and a monthly deposit limit of 500,000 won.
Finance
Agent banking is coming; Webcash says bank competition to intensify next year
B2B fintech firm Webcash is moving to secure solutions for the emerging era of AI agent banking, which it sees as a core axis of next-generation financial competition. At a conference in Seoul, it unveiled the architecture and use cases of OPERIA, an engine that connects general-purpose AI with banks’ relational databases. Webcash said internal tests showed 99 percent accuracy in its cash management solution and introduced a V2 cash management agent expanding coverage to about 800 customers.
Finance
KB Kookmin Bank builds ERP-linked embedded finance, expands data-driven B2B finance
KB Kookmin Bank is partnering with iQuest to expand embedded finance services for small and medium-sized firms. The bank said it signed an agreement with iQuest to link SME ERP systems with financial services and broaden inclusive finance. The two plan to build a B2B embedded finance model integrating payments, cash management and financial products. Services will expand in stages, including automated transaction data collection and ERP-based product recommendations.
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AI & Enterprise
AI agents will reshape B2B fintech, Webcash vice chairman says
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AI & Enterprise
Cloudflare unveils AI-native CMS EmDash, challenges WordPress
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AI & Enterprise
Anthropic IPO plans shaken by massive source code leak
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AI & Enterprise
MSIT says 2024 South Korea cloud market revenue tops 9 trillion won
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Industry
Kakao Mobility to showcase media art at Seoul Station
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AI & Enterprise
Microsoft Word makes it easier to insert links in documents
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AI & Enterprise
Douzone Bizon, Shinhan Bank sign deal on Bank-In platform linking ERP with finance