Search results for insurance payouts
Crypto
Parameta completes PoC with Shinhan EZ Insurance on deposit token-based insurance process
Web3 enabler Parameta (formerly ICONLOOP) said on Tuesday it completed a proof of concept with Shinhan EZ Insurance covering a blockchain-based insurance process using deposit tokens. The test covered premium payments and claim payouts as well as the end-to-end workflow from product creation to settlement. The companies said they validated a structure that can verify decision grounds and processing histories and track judgment data and records using external indicators such as weather.
Finance
Digital asset cross-industry ties spread as top 4 financial groups post 11 trillion won profit era
Big Tech, financial firms and payment companies in South Korea are widening digital-asset initiatives by teaming up with global blockchain companies. Kakao Group and Toss and Toss Bank are working with Circle to review stablecoin-based payment and settlement infrastructure and tokenised financial services. Banks are developing cross-border remittance and payment models. Separately, the top four financial holding groups posted combined first-half net profit above 11 trillion won, while regulators step up group-level oversight of fintech expansion.
Finance
Shinhan Financial first-half net profit rises 13.3 percent on strong brokerage
Shinhan Financial Group posted a record first-half net profit of 3.44 trillion won, up 13.3 percent from a year earlier, helped by growth in its capital markets businesses such as brokerage and asset management. Net interest income rose 7.7 percent and non-interest income increased 19.7 percent, lifting the non-interest share of total earnings to 30 percent. The board set a second-quarter dividend of 740 won per share and plans additional share buybacks and cancellation.
