Search results for Hana 1Q
Fintech
Hana Bank launches Fast-Fit remittance service with real-time tracking
Hana Bank launched a U.S. remittance service aimed at improving processing speed and transparency. The Fast-Fit remittance service allows customers to check fees and the amount the recipient will receive before sending money, and to track the transfer status in real time after remittance. It uses the SWIFT network\'s Retail Payments Scheme and was first implemented at 26 banks in 10 countries. Hana Bank plans to expand the service to Australia and Canada.
Finance
Big tech financial platforms tighten internal controls; banks compete for young customers
Internal controls for fintech financial platforms are being tightened as concerns grow that system failures in payments, transfers and top-ups could quickly harm consumers and erode trust. Financial authorities have urged big tech e-finance operators to build IT stability and internal control systems comparable to traditional financial firms, while also revising support tools such as the financial regulatory sandbox. Banks are also stepping up competition for young customers as a youth savings product draws strong early demand.
Finance
Hana Bank introduces real-time smishing check service with KISA
Hana Bank will work with the Korea Internet & Security Agency to prevent losses from smishing and other telecommunications-based financial fraud. The bank said it has signed a cooperation agreement and developed a real-time smishing check service in its mobile banking app, Hana 1Q. The system analyses a suspicious text message and shows results in three levels: normal, caution or malicious. Hana Bank expects improved convenience and security access.
