Search results for NH NongHyup Capital
AI & Enterprise
NH NongHyup Capital builds Oracle Cloud-based disaster recovery system
NH NongHyup Capital said on Aug. 3 it has built a disaster recovery environment based on Oracle Cloud Infrastructure. The company shifted from its existing on-premises data backup method to an OCI-based in-house disaster recovery framework to comply with recently revised electronic financial supervision rules and strengthen operational resilience. It said the move lays the groundwork to keep services running without interruption even during major outages or system errors.
Finance
NH NongHyup Financial first-half net profit rises 9.2 percent to 1.78 trillion won
NH NongHyup Financial Group posted a record first-half net profit of 1.78 trillion won, up 9.2 percent from a year earlier, supported by growth in both interest and non-interest income. Operating profit rose 14.0 percent to 3.2 trillion won. NH Investment & Securities more than doubled profit, while bank and insurance units saw declines. Credit loss provisions and selling and administrative expenses increased.
Finance
KakaoPay joins NH NongHyup Bank alternative credit scoring model development
KakaoPay will join a NH NongHyup Bank-led consortium to develop an alternative credit scoring model using MyData and payment and remittance information. The companies signed a multilateral memorandum of understanding on July 15 at NH NongHyup Bank\'s new building in Seoul, KakaoPay said on Wednesday. Participants will combine non-financial data, credit scoring modelling capabilities and AI technology to build a joint model for use in financial products.
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Finance
NH NongHyup Financial to launch 100 billion won co-growth fund 2 to expand investment in regional materials, parts, equipment and vendors
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Finance
NH NongHyup Financial launches three inclusive finance products to close credit gap
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Finance
Alipay global ambitions grow as K Bank gains momentum in third IPO bid