All posts tagged "Kakaobank"
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305EnforcementKorea FSS Fines KakaoBank Over Remittance Service Failures
The FSS said KakaoBank launched the new remittance service without proper testing, and provided prohibited loans to major shareholders.
August 5, 2022 -
723Fintech / Regtech
FSC Korea Green Lights Kakao Digital Insurance Business
The approval marks the first time that a newcomer to the insurance industry has been given permission to start a digital insurance company.
April 20, 2022 -
440AML / KYC
Korea FSS Orders KakaoBank to Bolster AML Controls
The FSS said KakaoBank's weak monitoring has resulted in the lender's failure to flag suspicious overseas money transfers on several instances.
November 18, 2021 -
731Crypto / Digital AssetsBank of Korea CBDC Pilot to Kick off This Month
Ground X, Kakaobank, Kakao Pay, Consensys, Samsung and Onther are among the firms that will participate in the pilot. Phase one will be complete by December.
August 9, 2021
