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Finance
Fintech shaken by loan curbs scrambles for new business
Tighter household loan rules are putting pressure on the revenue models of small and mid-sized fintech firms that grew on loan comparison and recommendation services. As lenders’ capacity to supply loans shrinks, brokerage income via platforms could also contract. Woori Bank has halted new credit loans and refinancing applications via major loan comparison platforms. Fintech firms are expanding into data and AI, licences and corporate services, with moves such as Finda’s savings bank acquisition push, BankSalad’s health and insurance data services, and PFCT’s overseas B2B risk solutions.
Finance
Hana Financial activates 3 trillion won inclusive finance roadmap, expands mid-rate loans and debt write-offs
Hana Financial Group is rolling out an inclusive finance roadmap that includes early execution of a total 3 trillion won in 2026. It plans to expand mid-rate loans, write off overdue debt and introduce insurance to prevent rental fraud targeting young people. Hana Bank will launch a non-face-to-face mid-rate loan product and a new loan for small merchants. The group also plans to improve alternative credit scoring and provide support through affiliates.
Finance
KB Kookmin Bank builds ERP-linked embedded finance, expands data-driven B2B finance
KB Kookmin Bank is partnering with iQuest to expand embedded finance services for small and medium-sized firms. The bank said it signed an agreement with iQuest to link SME ERP systems with financial services and broaden inclusive finance. The two plan to build a B2B embedded finance model integrating payments, cash management and financial products. Services will expand in stages, including automated transaction data collection and ERP-based product recommendations.
