Search results for interest rate cut request
Finance
Finance groups speed up governance revamp as KOSPI faces Middle East risk
Major financial holding companies are accelerating governance changes ahead of March annual shareholder meetings after regulators urged reforms such as special resolutions for chair reappointments, stronger outside director independence and expertise, and a single three-year term. A key proposal would shift CEO appointments to shareholder votes and tighten requirements for third terms. Internal control issues at brokerages also re-emerged amid allegations of capital markets law violations and stock manipulation. Fintech platforms are expanding automated loan-rate cut request services.
Finance
Banksalad launches interest-rate cut request service linked to credit score improvement
MyData company Banksalad said on Wednesday it will launch an AI-based interest-rate cut request service. If users agree in the app, AI requests a rate cut from a financial firm and notifies users of the result, with any approved lower rate applied immediately. It also analyzes loan data to detect when another cut may be possible and reapplies automatically. The company highlighted automatic use of a credit score improvement feature.
Finance
Toss says pre-registrations for automatic interest rate cut requests top 400,000
Viva Republica, operator of Toss, said on Feb. 26 it has formally opened a related service in line with the Financial Services Commission’s rollout of the MyData-based interest rate cut request program. Toss launched its “automatic interest rate cut request” service on Feb. 5 and began taking pre-registrations. The company said pre-registrations have surpassed 400,000. The service analyzes credit improvement signals and automatically requests rate cuts from financial firms.
