Fintech Archives | Be Korea-savvy
S. Korea Vows Regulatory Reforms to Boost Fintech

S. Korea Vows Regulatory Reforms to Boost Fintech

SEOUL, Mar. 29 (Korea Bizwire) — There is at least one industry in South Korea where hardly a day goes by without financial authorities mentioning deregulation: financial technology, or fintech. Since the National Assembly passed bills last September on a “regulatory sandbox,” in which fintech firms are allowed to experiment under amicable regulations, state regulators [...]

More than 63 pct of S. Koreans Use Mobile Phones for Financial Services: Poll

More than 63 pct of S. Koreans Use Mobile Phones for Financial Services: Poll

SEOUL, Mar. 26 (Korea Bizwire) — More than 63 percent of South Koreans have used banking and payment services via smartphones as a growing number are getting familiar with the tech device in their everyday lives, a central bank poll showed Tuesday. The survey of 2,597 adults, conducted by the Bank of Korea (BOK) last [...]

Gov’t to Let Banks Open Payment Systems to Fintech Firms

Gov’t to Let Banks Open Payment Systems to Fintech Firms

SEOUL, Feb. 20 (Korea Bizwire) — The government plans to let banks open their payment systems to financial technology firms, in a move that would provide a level playing field for new players and increase competition in the financial industry, officials said Wednesday. The plan was announced at a meeting chaired by Finance Minister Hong [...]

Lord Mayor of London Calls for Cooperation with S. Korea on Fintech

Lord Mayor of London Calls for Cooperation with S. Korea on Fintech

SEOUL, Feb. 12 (Korea Bizwire) – The Lord Mayor of London has called for increased cooperation with South Korea on fintech and green finance, the government here said Tuesday. Peter Estlin said South Korea and Britain should facilitate the new FinTech Bridge, a bilateral agreement launched in 2016 to make it easier for the two [...]

Ondot Systems Named One of North America’s Fastest Growing Companies in Deloitte’s 2018 Technology Fast 500™

Ondot Systems Named One of North America’s Fastest Growing Companies in Deloitte’s 2018 Technology Fast 500™

Santa Clara, California, Nov. 20 (Korea Bizwire) — Ondot Systems, the leading provider of Digital Card Services and Customer Empowerment Solutions, today announced that it was named by Deloitte’s Technology Fast 500TM as the fastest growing Silicon Valley FinTech company, and one of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech [...]

Kakao Pay’s Investment Products Sell Out on 1st Day

Kakao Pay’s Investment Products Sell Out on 1st Day

SEOUL, Nov. 20 (Korea Bizwire) — Kakaopay Corp., a South Korean mobile payment platform provider, said Tuesday that four investment products sold out in just four hours and 20 minutes on the first day of launch. On Monday, the company said it will launch a new service called Kakao Investment, allowing users to invest in [...]

S. Korea’s Bithumb Eyes U.S. Security Token Exchange

S. Korea’s Bithumb Eyes U.S. Security Token Exchange

SEOUL, Nov. 1 (Korea Bizwire) — South Korea’s top cryptocurrency exchange Bithumb has signed a deal with a U.S. fintech company to set up a security token exchange in America, industry sources said Thursday. The agreement with SeriesOne calls for Bithum to invest in and provide technical support for the establishment of the envisioned security [...]

Rapyd’s Holistic Global FinTech Capabilities Surge

Rapyd’s Holistic Global FinTech Capabilities Surge

LONDON, Oct. 9 (Korea Bizwire) — Rapyd, a leading fintech platform bringing ubiquity and integration to global digital commerce, today announces new partnerships and client relationships that extend the reach and impact of its worldwide network. By building a global “network of networks” that spans five continents through physical and digital channels, Rapyd connects businesses [...]

President Moon Checks Out Next Generation Internet-Based Banking

President Moon Checks Out Next Generation Internet-Based Banking

SEOUL, Aug. 8 (Korea Bizwire) — President Moon Jae-in paid a visit yesterday to a conference to experience new innovations that are changing the fintech sector. The event at Seoul City Hall was held with the goal of vitalizing Internet-based banks. Moon participated in the conference which also showcased various examples of innovative fintech practices [...]