Customers who manage the finances of elderly parents, children or other relatives are emerging as a new growth market for banks, an analysis showed. Fintech Futures reported that these households make up a significant share, but bank services do not fully reflect their needs. True Link said such customers are more likely than typical clients to hold mortgages and investment accounts. It offers controls such as alerts, limits and merchant blocking, and said these can reduce unwanted spending.

Cooperation between traditional financial firms and crypto-asset operators is expanding, with moves by Kakao Group, brokerages and exchanges. In the United States, the OCC gave preliminary approval to two digital banks pursuing crypto custody and stablecoin business. In South Korea, the Democratic Party plans to draw up a Digital Asset Basic Act this year. Competition is also shifting across platform finance, raising questions about entry rules, conflicts of interest, consumer choice and security.