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Finance

Eight Percent upgrades credit scoring model based on 7.2 million data points

Online investment-linked finance firm Eight Percent will apply its fifth-generation proprietary credit scoring model, built using about 7.2 million personal credit screening data points, to personal credit loans. The company plans to evaluate repayment capacity in greater detail for mid-to-low credit borrowers and people with limited financial histories while reducing the number of screening variables. It said internal simulations showed improved discriminatory power for repayment capacity compared with using only credit scores from personal credit rating companies.

Finance

Eight Percent acquires Apanda Partners to expand alternative investment platform

Online investment-linked finance company Eight Percent is acquiring token securities operator Apanda Partners to expand into the digital alternative investment market. Eight Percent said it made a strategic investment to become Apanda Partners\' largest shareholder. Key shareholders were reshuffled to include Eight Percent, Shinhan Investment Corp and EQBR. Apanda Partners plans to structure various asset-backed claims into digital products and will independently handle securities-related work after obtaining required approvals.

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.