| Mobile Web

Search results for Hecto Financial

AI & Enterprise

Hecto Innovation introduces stablecoin-based infrastructure for foreign patient hospital bills and trade payments

Hecto Innovation will take part in AI Festa 26, held in Seoul from Oct. 6 to 8 under the theme “AI, Becoming Reality. AI for Everyone.” It will run a booth focused on “24/7 stablecoin infrastructure” spanning foreign patient hospital bill payments and corporate trade remittances. The company plans to introduce models for using digital assets while complying with regulations such as AML and KYC, based on acceptance of its Hecto Wallet One VASP filing.

Crypto

Hecto Financial joins global stablecoin OpenUSD alliance, expands payment infrastructure

Hecto Financial will join Open Standard, a global corporate alliance for the dollar-based stablecoin OpenUSD (OUSD), as a network partner, it said on Wednesday. The alliance includes about 160 companies such as Visa, Mastercard, Stripe and Coinbase. Hecto Financial said it is reviewing plans to use OUSD for overseas remittances and corporate payments and settlement, and to offer different infrastructures such as Circle Payments Network and OUSD depending on clients and countries.

Finance

Digital asset institutionalisation picks up pace as big platforms clash over entry into online lending industry

Cooperation between traditional financial firms and crypto-asset operators is expanding, with moves by Kakao Group, brokerages and exchanges. In the United States, the OCC gave preliminary approval to two digital banks pursuing crypto custody and stablecoin business. In South Korea, the Democratic Party plans to draw up a Digital Asset Basic Act this year. Competition is also shifting across platform finance, raising questions about entry rules, conflicts of interest, consumer choice and security.