All posts tagged "KFB"
-
647EnforcementWoori to Dismiss 19 Employees Following Unfair Recruitment Probe
The Supreme Court ruled that 27 of Woori's employees were involved in unfair hiring practices, 19 of which still work for the bank.
October 21, 2020 -
1.3KAML / KYCBOK Takes Over Blockchain Authentication Tool BankSign
BankSign was developed by Samsung SDS in collaboration with the Korea Federation of Banks to allow for easier customer authentication on different banks’ mobile apps.
July 15, 2020 -
1.3KAML / KYCS. Korea Approves Use of Biometrics for Digital Identification
Korea's Fair Trade Commission has revised bank transaction law to allow the use of biometrics for identification in bank teller transactions.
July 6, 2020 -
587Capital RegulationFSS Korea Directs Banks to Defer Business Expansion
FSS governor Yoon Suk-heun said financial firms should brace for a "prolonged fallout of Covid-19" and focus on boosting internal reserves and loss absorbency capacity.
May 27, 2020 -
663Capital RegulationS. Korea Announces Emergency Financial Aid Package
The 100-trillion-won package includes funding for businesses, two market stabilisation funds, support for new bond issuance and liquidity support for brokerage firms.
March 24, 2020 -
517EnforcementFSC Korea Finalises Measures to Protect Investors From Risky Products
The sale of highly complex derivative products will still be banned, but banks will be allowed to sell equity-linked trusts linked to the KOSPI 200, S&P 500, Euro Stoxx 50, HSCEI or Nikkei 225.
December 16, 2019 -
1.3KFintech / Regtech
South Korea to Debut Open Banking in December
Following two months of industry deliberation, the FSC has said the new open banking system will be piloted in October, and fully implemented in December.
April 17, 2019 -
658AML / KYCSamsung SDS Announces Blockchain-based ID Verification Platform
Developed in collaboration with the Korea Federation of Banks, BankSign allows customers to use multiple banks’ mobile apps, once a co-verification certificate is obtained from a single bank.
August 29, 2018 -
1.4KEnforcementS. Korea Indicts 38 Bankers in Recruitment Probe
Charges against current and former bank officials involve hiring misconduct, special favours; 87% of hiring irregularities occurred at either KB Kookmin Bank or KEB Hana Bank.
June 18, 2018 -
415AML / KYCS. Korean Banks to Introduce Blockchain-based User Verification
Korea Federation of Banks to introduce BankSign system next month; will significantly enhance and simplify user verification process for online and mobile banking through blockchain technology.
June 15, 2018
