Search results for credit assessment
Fintech
Korea Credit Information to supply small merchant sales, purchase data to Shinhan Bank
Korea Credit Information, a credit rating firm for sole proprietors, will supply Shinhan Bank with data that can track sales and purchase flows for small merchants. The company said the dataset is based on the National Tax Service\'s Hometax and is designed to analyse both sales and purchases to identify actual business cash flow. Shinhan Bank plans to review ways to use the data, the company said.
AI & Enterprise
Nums AI raises 4 billion won to speed tabular foundation model development
Nums AI, which develops a Tabular Foundation Model for structured data, said on July 20 it has raised its first investment worth 4 billion won. Stonebridge Ventures led the round, with participation from SBVA, KT Investment and Base Ventures. The company said its model can cover tasks such as demand forecasting, anomaly detection and credit assessment with a single model, and plans to expand GPU infrastructure and its research organization.
Finance
Toss, SBI Savings Bank launch mid-rate loans for middle-to-low credit borrowers
Viva Republica, operator of Toss, will introduce mid-rate credit loans for middle-to-low credit borrowers with SBI Savings Bank using alternative credit assessment. Toss said it signed a business agreement with SBI Savings Bank on July 16 in Seoul to expand inclusive finance. The product, SBI Inclusive Loan with Toss, is set to launch on July 27 and will be available only through the Toss app, with annual interest rates of 7.9 to 13.5 percent.
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Finance
Eight Percent acquires Apanda Partners to expand alternative investment platform
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Finance
Banksalad, Sogang University study MyData-based alternative credit scoring
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Crypto
XRPL onchain lending protocol rollout delayed as RippleX prioritises safety
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Finance
Financial regulatory sandbox to be overhauled for fintech
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Finance
Fintech shaken by loan curbs scrambles for new business
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Finance
Banks\' delivery apps and budget mobile services emerge as data for inclusive finance credit scoring
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Finance
Eight Percent pushes mutual finance linked investment to expand mid-rate loans
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Finance
Shinhan Financial to write off 500 billion won in delinquent debt, expand inclusive finance to 4.5 trillion won
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Finance
Woori Bank launches \'WON Dream Loan Refinancing\' for high-interest borrowers
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Crypto
Coinbase CEO sets out eight priorities for finance overhaul, including tokenisation, stablecoins, AI
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Finance
Korea\'s three internet banks beat Q1 lending targets for mid-to-low credit borrowers
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Finance
Basel 3 dilemma raises fears of productive finance squeeze amid stronger soundness rules
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Finance
KakaoPay applies KakaoPay Score to KHFC jeonse loan guarantee screening
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Finance
KB Kookmin Bank to supply 1.53 trillion won in private mid-interest-rate loans
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Finance
Capital region concentration, real estate bias spur calls for urgent medium- to long-term structural shift at savings banks