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South Korea officially launches Open Banking service

News | Payments General | 18 Dec 2019

South Korea has launched an open banking service in a move to boost convenience and lower transaction costs for customers.

South Korea, Open Banking, open banking service, Financial Services Commission, KB Kookmin Bank, Shinhan Bank, Woori Bank, Keb Hana Bank, Viiva Republica, Toss

Large Korean banks join government-backed blockchain ID initiative

News | Digital Identity, Security & Online Fraud | 21 Oct 2019

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