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Competition to become Korea s 4th online-only bank heats up

The race to receive the license to become South Korea’s fourth internet-only bank is growing fiercer, with four bidders announcing their will to contend. There are currently three online lenders in Korea: KBank, Kakao Bank and Toss Bank. But four new contenders Soso Bank, Korea Credit Data Bank, and the U-Bank and Douzone Bank consortiums have lined up to compete for the fourth license. In line with the l.

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Shinhan Bank Joins Race For South Korea s Fourth Internet-Only Bank License

Shinhan Bank Joins Race For South Korea s Fourth Internet-Only Bank License
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South koreaDouzone techfinDouzone bank consortiumKorea credit data bankKakao bankShinhan bankSoso bankFinancial services commissionKorea heraldDouzone bizonDouzone bankToss bank

Shinhan joins race for Korea s 4th internet-only bank

Shinhan Bank, one of the country's top commercial lenders, has thrown its hat in the ring for a license that would make it the country's fourth internet-only bank, competing in the digital space with K bank, Kakao Bank and Toss Bank. Shinhan has joined a consortium launched by Douzone Bizon, an enterprise resource planning software provider, to win approval to launch an internet-only bank. Online lenders he.

South koreaDouzone techfinKakao bankFinancial services commissionDouzone bank consortiumKorea credit data bankSoso bankShinhan bankDouzone bizonToss bank