SEOUL, Feb. 15 (Korea Bizwire) – As the appeal of car insurance comparison and recommendation services wanes, industry insiders are turning their gaze towards pet insurance as the next promising market. Amid the growing trend of value-seeking consumers in a high-cost economy, pet insurance is emerging as a new focal point for financial tech services. Notably, [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korean tech giant Naver Corp. said Friday its fourth-quarter net profit jumped 129 percent from a year earlier, largely driven by robust growth of its commerce and fintech businesses. The net profit came to 301.8 billion won (US$226.6 million) in the three months ending in December, compared with [...]
Collaboration with Gprnt on technology solutions powering the future of sustainable finance SINGAPORE, Nov. 16, 2023 (Korea Bizwire) – Singapore FinTech Festival – Temenos (SIX: TEMN) today announced a collaboration with Gprnt, a new integrated digital platform launched by the Monetary Authority of Singapore (MAS), to cooperate on technology solutions, explore data integration and foster product development [...]
SEOUL, Sept. 11 (Korea Bizwire) — The Seoul city government will hold a global financial technology (fintech) conference next month, bringing together fintech experts from around the world to discuss the digitalization trend in the financial industry, officials said Monday. The 2023 Seoul Fintech Week will kick off on Oct. 4 for a three-day run [...]
SEOUL, July 22 (Korea Bizwire) — Borrowing money online from total strangers was an unfamiliar concept in South Korea in 2014, when Lee Hyo-jin founded 8percent, a peer-to-peer (P2P) lending service targeting people with low-to-mid credit ratings. A former banker of 8 years, Lee was confident there was huge demand in the loan market that [...]
HONG KONG, March 29 (Korea Bizwire) – Prima Asia Limited, an evolving fintech startup, is set to launch its innovative blockchain-powered payments technology across the Asia-Pacific region. With a release date set for Q4 2022, Prima Asia Limited believes that their ground-breaking payments technology “Primawire” will provide clients and businesses with faster transfer speeds, a highly [...]
LOS ANGELES, Nov. 23 (Korea Bizwire) – Ellipse is proud to announce today the launch of EVC® All-In-One, the first EMV module that transforms a basic payment card into an e-commerce EMV security product. The patented EVC All-In-One module features a built-in screen that displays a refreshed security code (also known as CVV/CVC) during every contact or [...]
NEW YORK, Nov. 2 (Korea Bizwire) — The Monetary Authority of Singapore (MAS) has named LiquidX Insurance Services (Singapore) Pte. Ltd. a finalist for the Singapore FinTech Festival (SFF) Global FinTech Awards 2021 in the Singapore Financial Institution category. The awards are a highlight of the annual festival, which takes place November 8-12, 2021. The [...]
SINGAPORE, Oct. 28 (Korea Bizwire) — Ibanera, a global digital banking platform and financial services provider, announced that it will offer fintech services to customers in Singapore with a focus on domestic and cross-border money transfer services. The company offers a robust suite of compliance programs for transaction monitoring and has partnered with Jumio, Refinitiv and [...]
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 [...]