SEOUL, Aug. 13 (Korea Bizwire) — Despite the overall growth of South Korea’s fintech industry, including the market for wire transfers and payments, cryptocurrency exchanges have seen drastic cuts in revenue and operating profits. CEO Score, a business analysis agency, studied the performance of 186 fintech firms based on public reports from the last three [...]
NEW YORK, Aug. 2 (Korea Bizwire) – LiquidX, the global fintech solutions provider for working capital, trade finance, and insurance, today announced that Coface Singapore Branch has joined its LiquidX 360 digital platform. The state-of-the-art tech platform offers enhanced operational efficiency and transparency for all participants in the trade credit insurance market, including carriers, brokers, and policyholders. Coface [...]
SEOUL, June 23 (Korea Bizwire) — Viva Republica Inc., the operator of popular South Korean financial app Toss, said Wednesday it has raised 460 billion won (US$407.5 million) in its latest funding with a valuation at 8.2 trillion won. The latest funding boosts Viva Republica’s valuation by nearly three times since its previous funding in [...]
SEOUL, June 17 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Thursday it will invest a total of 23.6 billion won (US$20.9 million) in three companies under the fintech-focused Webcash Group in a move to strengthen its foothold in financial services. A KT spokesperson said the company will invest 14.4 billion [...]
HONG KONG SAR, May 6 (Korea Bizwire) - The rapid development of financial technology, also known as FinTech, in recent years has transformed how people use financial services. On the one hand, the increasing use of automation in banking services has brought with it greater convenience for consumers. On the flip side, the advent of new [...]
SEOUL, March 17 (Korea Bizwire) — Credit card companies are looking for a financial breakthrough in the data industry as they continue to struggle from Buy Now, Pay Later (BNPL) services. The onslaught of the fintech companies is pushing credit card companies away from their profit centers, after they lost monopoly over the BNPL market [...]
Hong Kong, Nov. 4 (Korea Bizwire) — As a FinTech partner at this year’s Hong Kong FinTech Week, Cyberport invited scholars, outstanding financial industry leaders and its community start-ups to discuss RegTech’s development potential and Hong Kong’s advantages in RegTech in today’s “FinTech Studio” session. Eric Chan, Cyberport’s Chief Public Mission Officer, said, “After weathering [...]
CARLSBAD, Calif., Oct. 5 (Korea Bizwire) — AppTech Corp. (“AppTech”) (OTC Pink Open Market: APCX), a fintech company, today announces that the company has entered into a strategic partnership with NEC Payments B.S.C(c) (“NECP”). NECP provides digital banking and payment technology solutions to facilitate open-integration between financial institutions and the fintech ecosystem, and to drive [...]
Hong Kong, Aug. 11 (Korea Bizwire) — As a key promoter of Hong Kong’s digital technologydevelopments, Hong Kong Cyberport spares no efforts in injecting new momentum into theeconomy. Cyberport has the largest FinTech community in Hong Kong, boosting close to400 FinTech companies that offer financial software and services, financial data analysis,wealth management technology, payment technology [...]
SEOUL, Dec. 21 (Korea Bizwire) — LG Uplus Corp., a major telecommunications company in South Korea, said Friday it has signed a deal to sell its payment gateway business to local fintech firm Viva Republica Ltd. Under the agreement, LG Uplus will first spin off its payment gateway business and sell its entire stake in [...]