Fintech Companies Underpin and JikBank Sign Business Cooperation MOU

Kim Tae-jun, CEO of Underpin (left), and Kim Jin, CEO of Jikbank, are signing a business agreement.

[Asia Economy Reporter Kim Cheol-hyun] Underpin and Jikbank, tenant companies of Seoul Fintech Lab, announced on the 31st that they have signed a Memorandum of Understanding (MOU) for fintech business cooperation. Through this business agreement with Jikbank, Underpin plans to jointly promote the development of various services related to fintech. The plan is to maximize synergy by combining Jikbank's financial service experience and know-how with Underpin's diverse fintech technologies and solutions.

Jikbank is a company holding patents in payment systems and financial big data. Its service, the 'Jikpay Secure Payment System,' is a payment system that safely protects transaction payments made by ordering parties in service transactions across all industries such as construction, manufacturing, and distribution, enabling ordering parties, suppliers, and even partner companies to conduct transactions easily and securely without payment delays or outstanding receivables. Underpin is providing 'Fanzy,' a video platform that offers ad-free videos and exposes related products for sale, thereby returning benefits to users.

Kim Tae-jun, CEO of Underpin, stated, "Financial innovation based on fintech is a necessary process to respond to the rapidly changing financial environment," adding, "We will do our best to strengthen competitiveness, expand investment in the fintech sector, focus our capabilities, and provide tangible benefits to customers."

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