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 [...]
LEAWOOD, Kan., Dec. 19 (Korea Bizwire) — Euronet Worldwide (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, and Visa, the world’s leader in digital payments, today announced a strategic collaboration to fuel and sustain the growth of fintech companies in the Asia Pacific region. The partnership utilizes Euronet’s Digital Integrated Payment Cloud [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korea’s financial regulator on Monday granted preliminary approval for a new internet-only bank, a move that could further fuel competition with established bigger players and foster the fledging market. The Financial Services Commission (FSC) gave the initial approval to the consortium led by South Korean fintech firm Viva [...]
SEJONG, Dec. 4 (Korea Bizwire) — South Korea plans to set up a fund of 300 billion won (US$252 million) to help fintech startups become unicorns with a valuation of more than US$1 billion, Finance Minister Hong Nam-ki said Wednesday. Hong made the remarks at a meeting with economy-related ministers in Seoul to discuss how [...]
SEOUL, Nov. 28 (Korea Bizwire) — More than 2.2 million South Koreans have subscribed to a pilot open banking service in less than one month after its launch, data showed Thursday. Users of the new service, which was launched Oct. 30, numbered 2.27 million as of Tuesday after exceeding the 1 million mark in just [...]
SEOUL, Oct. 15 (Korea Bizwire) — South Korea’s financial regulator said Tuesday it received applications from three consortia, including one led by a fintech firm, for a license to set up a new internet-only bank. Fintech firm Viva Republica led one consortium, which included KEB Hana Bank, Hanwha Investment & Securities and the Korean unit [...]
LONDON, Oct. 2 (Korea Bizwire) — CUBE has announced that its regulatory intelligence and regulatory change management solution has achieved the overall number one ranking in the 2019 Market FinTech RegTech Suppliers Report. CUBE’s Digital Regulation Platform (DRP) was awarded the top spot in four key categories: Compliance, Risk and Due Diligence Universal Tool Regulatory [...]
SOUTHBOROUGH, Mass., Sept. 23 (Korea Bizwire) — Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering and IT services and solutions that help clients change and disrupt markets through innovation engineering, announced it has been ranked at number 29 out of 100 on the 2019 IDC FinTech Rankings, increasing its position over the previous year. Now in [...]