South Koreas central bank to develop biometric payment standards
Melisande Mual
04 May 2015 / 5 Min Read
The Bank of Korea revealed that the Committee on Financial Informatization Promotion (CFIP) will develop the technical standards before the end of H1 2015, and then test such services in H2 with domestic commercial banks.
In January 2015, the Financial Services Commission and the Financial Supervisory Service announced measures that aim to support the convergence of IT with banking industries - introducing and expanding financial technology (Fintech).
Melisande Mual
04 May 2015 / 5 Min Read
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