Search results for KCB
Finance
Toss Bank introduces SurPASS to strengthen financial fraud prevention
Toss Bank said on Tuesday it has introduced the telecommunications authentication solution SurPASS to strengthen prevention of non-face-to-face financial fraud. The solution, provided by KCB through partnerships with mobile carriers, analyses risk signals during remote transactions to help financial firms assess transaction risk more precisely. Toss Bank said it will prioritise suspected fraud such as voice phishing for checks and run additional verification linked to its internal fraud detection system.
Finance
NH NongHyup Bank launches NH Korea One Bridge Loan
NH NongHyup Bank said on Thursday it launched the NH Korea One Bridge Loan, an inclusive finance product aimed at strengthening financial access for underserved groups by applying a maximum interest rate of 6.8 percent. It targets eligible youths, people with disabilities, single-parent families and farmers whose qualifications can be verified through administrative agencies. The bank will use KCB estimated income for screening and offers up to 10 million won with preferential rates.
Finance
Banksalad expands benefits for mid-to-low credit users through credit score boosting
Banksalad said on Sunday it confirmed cases of credit score increases of as much as 226 points among mid- to low-credit users of its “credit score boosting” service. It said the service uses mydata to improve the accuracy of credit scoring and can automatically connect available data, including non-financial and public data. The biggest jump over the past 3 months was from 692 to 918 points. Average gains were 20 points.
