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Authorities from Thailand have decided to accept applications for virtual banks in a bid to support people with limited access to financial services.
online banking, digital banking, financial inclusion, financial services
KakaoBank has announced that it will buy a 10% stake in Superbank, the Singapore Telecommunications and Grab-backed digital-focused bank in Indonesia.
mobile banking, online banking, digital banking, partnership, banking
South Korean-based internet-only bank KakaoBank has signed a memorandum of understanding with SCBX to obtain a virtual banking license from Thailand’s central bank.
partnership, mobile banking, online banking, digital banking, banking
Financial Supervisory Service (FSS), South Korea’s financial watchdog, has warned KakaoBank to improve its monitoring system that protects against money laundering.
banks, AML, regulation, transactions , risk management
The Bank of Korea (BOK) has revealed plans to initiate its central bank digital currency (CBDC) pilot by the end of August 2021.
CBDC, banks, blockchain, cross-border payments, e-wallet
Western Union and kakaobank have announced the launch of Western Union digital money transfer services within kakaobank’s mobile app.
Western Union, money transfer, South Korea, kakaobank, mobile payments, mobile banking
kakaobank, a Korea-based internet bank, has selected whiteCryption, a provider of application shielding solutions, to protect its internet banking mobile apps on Android.
kakaobank, whiteCryption, mobile banking, security, data protection, internet banking, Money 2020, Korea