Shinhan Bank, a prominent player in South Korea’s banking sector, is set to enter the digital arena, vying for a license to become the country’s fourth internet-only bank, according to a Korea Herald report. The move positions Shinhan to compete with established digital banks such… Read More
Read more in: Asia, Fintech | Tagged banking, digital bank, shinhan bank, south korea
Shinhan Bank, SCB TechX, and an unnamed financial institution in Taiwan have announced the successful completion of a stablecoin remittance proof-of-concept (PoC) pilot, according to a release. The PoC was reportedly built on the Hedera network, a high-performance blockchain. The pilot was said to have… Read More
Read more in: Blockchain & Digital Assets, Asia, Fintech | Tagged digital technology, financial institutions, hedera, hedera network, innovation, poc, proof of concept, remittances, scb, shinhan bank, siam commercial bank, south korea, stablecoin, stablecoins, taiwan
South Korea’s Shinhan Bank today announced it has completed the development of a proof-of-concept, with a global megabank outside of Korea, to improve the remittance process through the use of stablecoins. It is built on the Hedera network, leveraging stablecoins and focused on international remittances…. Read More
Read more in: Asia, Blockchain & Digital Assets | Tagged blockchain, hedera hashgraph, international money transfers, mance harmon, shinhan bank, south korea, stablecoins
Kristo Käärmann, Co-founder and CEO of Wise (previously dba TransferWise), which aims to make money work without borders, notes that they’re building the world’s most international account. 1/ @Wise Q2 Mission Update is here. Our team is 2,600 people now. How much progress did we… Read More
Read more in: Fintech, Global | Tagged australia, canada, china, cross-border payments, digital payments, Fiji, international payments, kristo käärmann, malaysia, payments, progress report, ramadan, shinhan bank, south korea, transferwise, uk, united kingdom, wise
Finastra, a financial services software and Cloud-enabled solutions provider, has revealed that Shinhan Bank Vietnam has decided to integrate its trading and risk software with the Fusion Kondor and Fusion Risk solutions. These solutions have been chosen because they’re supposed to offer greater flexibility and… Read More
Read more in: Fintech, Asia | Tagged apac, apac region, asia pacific, digital technology, digital transformation, finastra, shinhan bank, southeast asia, vietnam
Blockchain-based decentralized identity authentication services (DID) could potentially replace public certificates that are used for financial services, which may include those for mobile banking. This particular use case was recently commercialized for the very first time by South Korea’s Shinhan Bank. As mentioned in a… Read More
Read more in: Fintech, Asia, Blockchain & Digital Assets | Tagged biometric, biometric authentication, decentralized ids, did, digital banking, digital identity, iconloop, mobile banking, online identity, shinhan bank, south korea
South Korea based Shinhan Bank, one of the nation’s largest financial institutions, has established a Fintech lab in order to work closely with other IT and financial technology firms in other countries. Shinhan Bank reportedly began remodeling its Myeongdong branch building in order to set… Read More
Read more in: Fintech, Asia | Tagged decentralized id solutions, fintech adoption, iconloop, microsoft, myid, shinhan bank, south korea
Blocko, a South Korean enterprise-grade blockchain development firm, is launching its operations in the United Arab Emirates (UAE) after securing funding in Europe and the Asia Pacific region. UAE’s financial hub, Dubai, announced the Emirates Blockchain Strategy 2021 in April 2018. The nationwide strategy involves… Read More
Read more in: Asia, Blockchain & Digital Assets | Tagged aergo, blocko, hisham al gurg, phil zamani, shinhan bank, south korea, uae, united arab emirates
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