SEOUL, June 13 (Korea Bizwire) — South Korea’s three major telecom firms are expanding financial services in cooperation with local banks, industry officials said Saturday, as they try to expand their businesses beyond the telecom sector. The three firms — SK Telecom Co., KT Corp. and LG Uplus Corp. — in recent months introduced various [...]
NEW YORK, Feb. 5 (Korea Bizwire) — In a new report titled: The productivity agenda – moving beyond cost reduction in financial services, PwC sets out the important challenges and opportunities facing the financial services industry and the ways in which senior executives should respond if they wish to move beyond simple cost cutting and [...]
Washington, D.C., Sept. 28 (Korea Bizwire) — CGAP today launched the Customer-Centric Guide, a web-based collection of toolkits and experiments to help financial service providers deliver products and services that better meet the needs of low-income customers. The number of people with a financial account grew by 721 million between 2011 and 2014, reducing the ranks [...]
SEOUL, January 30 (Korea Bizwire) – Digital disruption and cutthroat competition are shaking up the banking industry, with thousands of employees making the transition away from financial services jobs that were long considered as some of the most lucrative in Korea. The emergence of the fintech revolution leaves the prospects for the banking industry uncertain. [...]
NEW YORK, Oct. 20 (Korea Bizwire) — INTL FCStone Inc. (NASDAQ:INTL), a leader in the development of specialized financial services in commodities, securities, global payments, foreign exchange and other markets, today announced that its Singapore-based subsidiary, INTL FCStone Pte. Ltd., received its Capital Markets Services License from the Monetary Authority of Singapore and with it [...]
SEOUL, July 18 (Korea Bizwire) — Samsung Electronics will supply the 2014 edition of 3,000 Galaxy Note 10.1 devices preinstalled with the “Knox” mobile security platform to the Credit Finance Association of Korea. This is the first instance in which Samsung introduces Knox in Korea’s financial service industry. Knox is essential to the association’s security requirements as [...]
SEOUL, Korea, April 17, 2014 (Korea Bizwire) – Financial incidents never seem to go away these days. By the time one scandal steps off from the list of primetime news, another breaks out. Not that Koreans are total strangers to financial disasters but the problem is that various types of incidents are happening at different [...]