Finance
Toss launches credit loan for sole proprietors with IBK Savings Bank
Viva Republica, operator of Toss, said on Monday it will launch a credit loan for sole proprietors with IBK Savings Bank using Toss Soho Score. The companies signed a memorandum of understanding to cooperate on advancing data-based credit assessment for sole proprietors. The new loan applies the Soho Score model, developed with Korea Credit Data, to an external financial institution for the first time, combining it with IBK Savings Bank’s existing credit scoring system.
