All posts tagged "Kakao"
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619Fintech / RegtechBOK to Boost AI Capabilities Through Kakao Partnership
Kakao Enterprise's AI technology will initially be used for task support such as taking meeting minutes, before the partnership later expands to support BOK policy-making.
June 24, 2020 -
313Fintech / RegtechS. Korea’s KakaoPay Green-lit to Offer Brokerage Services
The FSC has granted final approval to KakaoPay allowing it to acquire Baro Investment & Securities and enter the brokerage services space.
February 10, 2020 -
1.4KFintech / RegtechSouth Korea to Formally Launch Open Banking System This Month
October’s 10-bank pilot attracted over 5.5 million bank accounts with the open banking service now expanded to include eight additional banks and fintech firms.
December 2, 2019 -
409Capital Regulation
Capital Adequacy Deteriorates at Korean Internet-only Banks
The capital adequacy ratios of K Bank and Kakao Bank have fallen to 10.62% and 11.74%, respectively, compared 15.34% at Korea’s other institutions.
September 4, 2019 -
702Fintech / Regtech
First Non-Financial Firm Approved to Raise Stake in Korean Digital Bank
According to the FSC, messenger app operator Kakao has met the qualification criteria for owning a 34% stake in Kakao Bank, one of Korea's two internet-only banks.
July 25, 2019 -
668Capital RegulationUPDATED – K-Bank Financing Plan Halted Amid Antitrust Probe
KT Corporation was planning to up its stake in the internet-only bank to 34%, but the FSC put its review process on hold amid an FTC antitrust probe.
April 25, 2019 -
704Capital RegulationTaiwan Regulator Eyes Digital-Only Bank Regime
Head of Financial Supervisory Commission says to produce feasibility study this year; visit South Korea and Japan to investigate internet-only banking concept.
January 24, 2018
