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Shinhan Bank, a large commercial bank in South Korea, has announced plans to offer digital asset custody services.
CBDCs, South Korea, decentralised finance, Shinhan Bank, digital assets, custody services, crypto
South Korea-based financial services provider Nonghyup (NH Bank) has begun issuing digital certificates using a blockchain-powered system and an e-wallet offering.
Nonghyup (NH Bank), e-wallet, product launch, South Korea, payment certificates, online banking, mobile banking, Asia, APAC, blockchain, blockchain powered system
Western Union, NH Bank, Nonghyup, payments , cross-border remittance
South Korea’s commercial banks will formally launch Open Banking services by the end of 2019, following a 10-bank pilot to test the system in October 2019, according to Regulation Asia.
South Korea, Open Banking, bank, mobile application
South Korea has announced it is launching 10-bank pilot of Open Banking system, according to Regulation Asia.
South Korea, Open Banking, banks, innovation, regulation, fintech
Four more major institutions including the Shinhan and NH Nonghyup banks have joined a South Korean decentralised identity initiative.
blockchain, descentralisation, banks, South Korea, Samsung Electronics, Keb Hana Bank, Woori Bank
South Korean financial authorities have been inspecting six local banks that offer virtual currency accounts to institutions, amid concerns the increasing use of such assets could lead to a surge in crime.
NH Bank, Industrial Bank of Korea, Shinhan Bank, Kookmin Bank, Woori Bank, Korea Development Bank, Bitcoin, crypto, cryptocurrency, AML
South Korean Nonghyup (NH) Bank has joined the R3 Blockchain Consortium, according to reports from local media.
Nonghyup Bank, R3, blockchain, blockchain consortium, South Korea, fintech
Samsung Pay will support money deposits via ATMs in South Korea when sales for the Galaxy S7 and S7 Edge begin March 11.
Samsung Pay, South Korea, deposit money, ATM, mobile payments, mobile wallet, bank
Korean commercial banks are open to doing business with Samsung Pay, the nation’s largest mobile payment system.
Korea, banks, partnership, Samsung Pay, payment scheme, implementation, offer, consumers, mobile, online, internet