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Euronet Worldwide Partners with Standard Chartered to Offer New Cloud-Based Dynamic Currency Conversion Services at ATMs in 14 Countries

LEAWOOD, Kan., Jan. 6 (Korea Bizwire) — Euronet Worldwide (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, announced today it will provide Standard Chartered with dynamic currency conversion (DCC) services at approximately 1,000 ATMs in 14 countries across Asia Pacific and the Middle East using Euronet’s Digital Integrated Payments Cloud (DIPC). Euronet [...]

Foreign Banks Introduce New Asset Management Systems

SEOUL, July 11 (Korea Bizwire) – Foreign banks in Korea are going all out to target high-net-worth individuals. With the prolonged decline in net interest margins and the prevalence of mobile banking, banks in Korea have seen former revenue streams dry up. Foreign banks are seeking a breakthrough by diversifying their services in asset management. [...]

Citibank, Standard Chartered Suffer Setback in Q1 Performance

SEOUL, May 17 (Korea Bizwire) – Two major foreign banks in South Korea suffered declines in their first-quarter profit due to a lack of growth drivers and declining net interest margins, the companies said Tuesday. In the three months ending March 31, Standard Chartered Bank Korea posted a 22.6 percent on-year drop in its first-quarter [...]

SC Group Committed to Korea

“Korea has a strong economic strength, and many fine customers, which makes it a very important market to SC Group. We are completely committed to Korea. We never thought of selling the Korea SC Bank, as we have a good brand here.” - Bill Winters, CEO of SC Group SEOUL, Aug. 18 (Korea Bizwire) – [...]

Standard Chartered to Expand Sales Channel through Shinsegae Retail Stores

SEOUL, Feb. 13 (Korea Bizwire) — Standard Chartered signed a MoU with Shinsegae Corp. to implant sales and marketing channels at main Shinsegae retail stores, on February 12. Standard Chartered is also in talks to sell off its Cheil Branch in Myeongdong to Shinsegae, which is one of the largest retailers in Korea. Standard Chartered will install [...]

Shinhan Ranked Most Innovative Bank in Korea; Citibank and SC Falter

SEOUL, Jan. 30 (Korea Bizwire) — The Financial Services Commission (FSC) has ranked CitiBank and Standard Chartered low on the list of the most innovative banks in Korea. According to the FSC’s report on Korean banks’ innovative values in the second half of 2014, revealed on January 28, Shinhan Bank ranked first, followed by Woori Bank and [...]