Search results for Innovative Financial Services
Finance
Financial regulatory sandbox to be overhauled for fintech
South Korea\'s financial authorities will overhaul the financial regulatory sandbox to make it more fintech-friendly, focusing on lowering entry barriers for startups and strengthening exit strategies into regulated finance after the sandbox ends. The Financial Services Commission said it will revamp the innovative financial services framework across its full cycle. Measures include expanding exclusive operating rights, increasing cost and insurance support for smaller firms, adjusting screening standards for fintech and accelerating regulatory review for successful services.
Crypto
ITCEN Global steps up Web3 commercialisation from tokenised gold to stablecoins
ITCEN Global said on Wednesday its blockchain-based Web3 businesses being pursued with key affiliates, including Korea Gold Exchange and Korea Gold Exchange Digital Asset, have entered a practical commercialisation stage. The company is pursuing a project to issue 50 tonnes of physical gold as on-chain assets within five years and build a 10 trillion won ecosystem. It is expanding its KGLD gold RWA token and moving into security tokens and stablecoins through partnerships.
Finance
KakaoBank adds self-employed collateral loan to Naver Pay loan comparison
KakaoBank is expanding access channels for loans to sole proprietors through a partnership with Naver Pay. Self-employed customers will be able to check and apply for KakaoBank’s real estate collateral loan for sole proprietors through Naver Pay’s loan comparison service. KakaoBank said this is the first time its loan products have joined the platform. The service initially covers apartment and officetel collateral loans and plans to add collective commercial property.
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Finance
Shinhan Bank signs co-growth agreement with Seoul National University
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Finance
Samsung Securities launches foreigner integrated account service with IBKR
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Finance
KB Kookmin Bank to run first-come-first-served event for monimo KB daily interest account anniversary
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Crypto
Digital asset derivatives need institutionalisation to curb capital outflows and boost investor protection
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Crypto
Shinhan Financial signs MOU with Bank of Korea to promote deposit tokens
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Finance
KakaoBank appoints Kim Geun-su as inside director at shareholders meeting
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Crypto
Bank of Korea begins phase two of Project Hangang to lay groundwork for commercialising digital currency and deposit tokens
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Finance
KakaoBank cuts rates on real estate-secured loans for sole proprietors to low-2 percent range
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Finance
Naver Pay launches Loan Interest Rate Care service
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Finance
K Bank launches 10th anniversary campaign and promotions
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Finance
KakaoBank to pursue M&A in payments and capital firms to build growth drivers
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AI & Enterprise
NHN Dooray secures about 20 financial firms as SaaS clients, to expand with AI agents
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Finance
Hana Bank joins hands with MegazoneCloud to support productive finance
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Crypto
Parameta, RiskX join for stablecoin-based global digital asset and finance business
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Finance
Taiwan LINE Bank posts first monthly profit 4 years 7 months after launch