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Industry

Hana Bank strengthens custody services for foreign investors, wins Global Finance award

Hana Bank won Global Finance magazine’s 2026 Best Sub-Custodian Bank in Korea award, the bank said on Oct. 12. It was selected at the Global Finance Transaction Banking Awards 2026 held in Miami on Sept. 29 local time. Sub-custody services cover securities settlement, safekeeping and related asset management in the domestic market on behalf of foreign investors and global custody banks.

Finance

KB Kookmin Bank teams up with SAP Korea on embedded finance to expand corporate banking

KB Kookmin Bank will work with SAP Korea to build embedded finance services that allow companies to handle financial tasks within enterprise resource planning systems. The bank said it signed a memorandum of understanding with SAP Korea in Seoul to jointly create an ERP embedded finance ecosystem. The partners plan to strengthen links with transaction banking to support corporate cash management and financial transactions. They also plan joint marketing to attract new corporate customers.

Crypto

SWIFT launches shared blockchain ledger with 17 banks to support 24/7 tokenised deposit payments

SWIFT has moved a blockchain-based shared ledger into an initial operating phase and is preparing real-transaction pilots with 17 global banks across six continents using tokenised deposits. The structure links tokenised deposits issued by participating banks on a common foundation while continuing to use the existing SWIFT network. The project aims to enable 24-hour, year-round fund transfers, with final settlement maintained through existing financial systems. SWIFT targets completing real transactions in the second half of 2026.

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