Search results for stock loans
Finance
Online investment-linked finance gains momentum for mid-rate loans, expands base to sole proprietors
Online investment-linked finance platforms have expanded credit loans for mid- to low-credit borrowers through linked investments with savings banks and have now laid the groundwork to lend to sole proprietors after further regulatory changes. The measures raise caps on linked investments by financial firms and allow use of a small merchant credit scoring infrastructure. The Financial Services Commission also plans stronger disclosures and external verification to bolster investor protection.
Finance
PG firms team up to block fraudulent payments, rate hike fallout in focus
South Korea\'s fintech sector is expanding payment infrastructure while strengthening security and user protection. The Financial Supervisory Service and the Korea Fintech Industry Association launched a consultative body with major payment gateway firms to curb suspicious transactions. The Bank of Korea raised its policy rate to 2.75 percent, the first hike in 3.5 years, prompting tighter household lending management. Authorities also plan higher deposits and trading units for single-stock leveraged ETFs.
Finance
South Korea curbs P2P stock loans, caps new issuance at 30 percent
South Korea\'s financial authorities will limit the size of new stock-loan issuance and set borrower-by-borrower loan caps for the online investment-linked finance sector, after stock loans expanded rapidly amid a recent stock market rally. The Financial Services Commission and the Financial Supervisory Service said the measures take effect from July 16. Monthly new stock-loan issuance will be capped at 30 percent of the prior month’s new linked loans excluding stock loans, with an exception tied to keeping balances below end-June levels.