Search results for Eight Percent
Finance
Shinhan reignites financial super app race as AI moves into workplace
Shinhan Financial Group unveiled its integrated platform Shinhan SuperSOL, combining banking, card, securities and insurance services in one app, reigniting competition over financial “super apps”. The revamp centres on the banking app and includes SOL LINK, which ties deposit accounts to stock trading. Separately, AI use in finance is expanding beyond chatbots to agent-style systems for document analysis, customer service and automation, while banks and fintechs roll out workplace programmes and data-hub projects.
Finance
Eight Percent pushes mutual finance linked investment to expand mid-rate loans
Eight Percent is pursuing linked investment with the mutual finance sector to expand the supply of mid-rate loans for borrowers with mid to low credit scores. The company aims to combine region-based funding from mutual finance groups with online investment-linked finance firms’ credit assessment capabilities. It plans to expand cooperation starting with local agricultural cooperatives, with its first linked investment product due in the second half of this year.
Crypto
Eight Percent, Kaia sign MOU to build RWA investment infrastructure
Online investment-linked finance company Eight Percent is working with blockchain platform Kaia to build investment infrastructure that connects overseas investors with Korean loan receivables. The two plan to create an RWA investment structure based on rights to receive principal and interest on loan claims, aiming to broaden channels for global funds to flow in. They are verifying the initial structure through a pilot operation and plan to expand investment size and target asset classes in stages.
