financial services Archives | Be Korea-savvy
Gov’t Announces Financial Services Reforms

Gov’t Announces Financial Services Reforms

SEOUL, March 25 (Korea Bizwire) — South Korea’s chief financial regulator has announced a host of new policy measures and reforms, including a measure to prevent parents who are estranged from their children from receiving insurance money for their children’s deaths. The Financial Services Commission (FSC) said Tuesday that it has drawn up 18 improvements [...]

Hitachi and Virtusa Partner to Advance AI in Financial Services

Hitachi and Virtusa Partner to Advance AI in Financial Services

SOUTHBOROUGH, Mass., Jun. 3 (Korea Bizwire) — Hitachi, Ltd. (TSE: 6501, Hitachi) and Virtusa Corporation (NASDAQ GS: VRTU) a global provider of digital strategy, digital engineering, and IT outsourcing services that accelerates business outcomes for its clients, today announced a new partnership to capitalize on the rapidly growing adoption of AI in financial services. The [...]

Daimler Financial Services AG Announces Top Management Rotation

Daimler Financial Services AG Announces Top Management Rotation

Stuttgart, Germany, Nov. 15 (Korea Bizwire) — Daimler Financial Services AG announced today that Klaus Entenmann, Chairman of the Daimler Financial Services AG Board of Management (BoM), will step down from his position in May 2019. This move allows a smooth transition to a new leadership team before his scheduled retirement in December 2019. The [...]

Meed and Cambridge Global Payments Collaborate to Provide Digital Financial Services to Underserved Markets

Meed and Cambridge Global Payments Collaborate to Provide Digital Financial Services to Underserved Markets

The Partnership Aims to Help Provide Socially Conscious Services That Give Back to Emerging Markets SANTA MONICA, CA, Jul. 20 (Korea Bizwire) - Meed, the Santa Monica-based company committed to bringing socially-conscious innovation to the financial sector, today announced that it has signed an agreement with Cambridge Global Payments of Toronto, Canada. Meed and its [...]

Upcoming Deregulatory Measure May Change Financial Industry Landscape

Upcoming Deregulatory Measure May Change Financial Industry Landscape

SEOUL, July 25 (Korea Bizwire) – Ahead of a measure to relax regulations on barriers between different financial services such as banking, securities, and insurance, responses are mixed. Some large financial service firms with operations across multiple areas welcome the announcement while those that are not big enough fret that the measure would change the industry landscape completely [...]