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24
Jun

Would-be Korean challenger banks regroup after applications rejected by FSC

Korea’s would-be challenger banks received a stern rebuke from the nation’s Financial Supervisory Commission in May as the top financial regulator rejected applications for a virtual-banking license from Viva Republica-backed Toss Bank and Kiwoom Securities-backed Kiwoom Bank. The regulator found Toss’s capital situation problematic and Kiwoom’s plan unfeasible. Both Toss…
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29
Apr

Can Korean challenger banks gain traction?

South Korea’s challenger banks face an increasingly tough competitive and regulatory environment despite having accrued a considerable user base. Kakao Bank, operated by Korean mobile messaging giant Kakao, and K bank, led by telecommunications firm KT, aim to offer a wider array of banking services, but past missteps could prevent…
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Established in 2007, Atlas Technologies Singapore, an Atlas Technologies Group Company, is a leading consulting and market research firm specializing in fintech, banking, payments, and capital markets. Our services aim to equip clients across the region with the necessary insights to capitalize on their most valuable opportunities and maintain a competitive edge in the market.

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