Kyobo Life Signs Digital Loan Business Agreement with Fintech EndGlobal

Kyobo Lifeplanet announced on the 13th that it has signed a memorandum of understanding (MOU) with fintech company AND GLOBAL to collaborate on AI-based credit evaluation and digital loan services.

[Asia Economy Reporter Oh Hyung-gil] Kyobo Lifeplanet announced on the 13th that it has signed a memorandum of understanding (MOU) with fintech company AND GLOBAL to collaborate on AI-based credit evaluation and digital loan services.

The two companies plan to cooperate mutually to activate digital-based loan services and jointly conduct service research. They discussed cooperation plans twice in November and December last year and also held a workshop to promote 'Digital Transformation.'

AND GLOBAL, headquartered in Singapore, is a fintech company providing digital wallet and loan services in Mongolia, the Philippines, Brazil, and other countries. It is a unicorn company receiving investments from global firms such as Google and was selected as the 'Best Digital Bank' in Mongolia in 2019.

Kang Chun-woon, head of digital at Kyobo Lifeplanet, emphasized, "Based on digital loan services, we expect to strengthen our asset management portfolio while creating synergy with existing services through service traffic. This will be an opportunity to grow further along with efforts for digital technology innovation."

This content was produced with the assistance of AI translation services.