| Mobile Web

Search results for Danal

Finance

P2P lenders gain momentum as rules ease; financial CEO appointments gather pace

Korea\'s online investment-linked finance industry is accelerating mid-rate lending to mid-to-low credit borrowers and sole proprietors after regulatory improvements. The Financial Services Commission plans to raise self-funding investment limits and financial-company linked investment caps, and expand limits for general investors. Major financial institutions are also stepping up CEO selection processes, while regulators tighten oversight of bank asset quality, governance and internal controls. Payment and digital-asset businesses widen partnerships and services.

Crypto

Danal\'s PayProtocol, Squid cooperate on multichain payment and settlement infrastructure

Danal’s virtual asset payments firm PayProtocol is teaming up with global cross-chain infrastructure company Squid to build a system that allows digital assets on various blockchain networks to be used for payments and settlement at PayCoin affiliates. The companies signed a strategic agreement to connect the PayCoin mainnet and build multichain payment infrastructure. They will run a proof of concept to link PayCoin’s private-chain mainnet with external networks and assess commercialisation.

Finance

Finance network separation rules eased, fueling 140 trillion won fintech investment

South Korea\'s financial authorities expanded the scope of eased network separation rules for AI use to secondary financial institutions and electronic financial business operators. The number of firms to be selected rises to as many as 15, and eligibility thresholds are lowered. Selected institutions can use external AI and security SaaS after putting alternative controls in place. Industry expectations are mixed, with some firms cautious. Global fintech investment rose to $103.1 billion in the first half, with focus expected to shift to AI and financial infrastructure.