Search results for financial consumer protection
Finance
Finance network separation rules eased, fueling 140 trillion won fintech investment
South Korea\'s financial authorities expanded the scope of eased network separation rules for AI use to secondary financial institutions and electronic financial business operators. The number of firms to be selected rises to as many as 15, and eligibility thresholds are lowered. Selected institutions can use external AI and security SaaS after putting alternative controls in place. Industry expectations are mixed, with some firms cautious. Global fintech investment rose to $103.1 billion in the first half, with focus expected to shift to AI and financial infrastructure.
Finance
FSS to overhaul financial investment ad rules; ETF, high-risk product YouTube ads to face review
South Korea\'s Financial Supervisory Service will revamp procedures for financial investment advertisements to curb false and exaggerated claims as competition intensifies for products such as exchange-traded funds. The overhaul covers ad production, screening and post-management at securities firms. New listings of ETFs and high-risk products posted on firms\' own YouTube channels are expected to be added to the Korea Financial Investment Association\'s review scope. The regulator and the association plan to complete rule revisions by mid-October and implement them in January 2027.
Crypto
Hanwha Investment & Securities to run two-track token securities, RWA strategy for digital asset regulation
Hanwha Investment & Securities is accelerating its digital asset push after declaring in October last year it would become a specialist digital asset brokerage. It plans to expand investment and collaboration with digital asset firms while preparing for regulation by pursuing domestic token securities and overseas real-world asset (RWA) tokenisation. DA Platform team head Byung-chul Lee outlined building a platform linking product discovery, issuance and subscription, and wallet and custody, starting with issuance and underwriting.
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Finance
KB Financial steps up consumer protection across product and service lifecycle
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Fintech
Hana Bank prevents 18.5 billion won in KReSIM investment fraud losses with enhanced FDS
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Finance
iM Financial strengthens financial consumer protection capabilities at affiliates
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Finance
BNK Financial strengthens consumer protection governance, guarantees two-year CCO term
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Fintech
Hana Financial Group and FSS produce 54 young finance talents, total graduates reach 171
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Finance
iM Financial runs outside director training for all affiliates focused on AI and stablecoins
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Finance
Shinhan Bank ties up with Government Officials Pension Service to expand AI, digital finance training for retired civil servants
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Finance
IBK Industrial Bank of Korea reorganises for second half, strengthens policy finance and AX
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Finance
Big Tech expands territory beyond payments into financial infrastructure
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AI & Enterprise
Shinhan Bank holds second-half strategy meeting to speed customer base expansion
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People & Appointments
Shinhan Bank tops KS-SQI bank sector for 13th straight year
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Finance
KakaoBank issues sustainability report, says it created 1.38 trillion won in social value
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Finance
Hana Bank introduces real-time smishing check service with KISA
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Finance
Shinhan reignites financial super app race as AI moves into workplace
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Finance
NH NongHyup Bank to set up consumer protection committee within board