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Finance

Banks-fintech boundaries blur as Korean online banks expand territory

The line between banks and fintech firms is fading as Capital One moves to buy B2B fintech Brex. Banks are buying companies to secure AI-based financial automation, while fintechs pursue banking licences to provide services directly. In South Korea, embedded finance is spreading as banks integrate services into apps and platforms. Competition among internet-only banks is also heating up ahead of an online loan-refinancing service for sole proprietors.

Finance

Shinhan Investment, Etherfuse pursue Korean government bond-based RWA cooperation

Shinhan Investment said on Tuesday it signed a strategic business agreement with Etherfuse, a global real-world asset platform company, to support issuance of a Stablebond backed by South Korean government bonds. Etherfuse plans to issue the product, while Shinhan Investment will not act as issuer or seller but will provide government bond brokerage and support for acquiring and managing the underlying assets. The Stablebond supports multiple public blockchains.