Kakao Bank Partners with Kyobo for Data Collaboration and Financial Platform Business Alliance
[Asia Economy Reporter Kwangho Lee] KakaoBank announced on the 9th that it has signed a Memorandum of Understanding (MOU) for data cooperation and various financial platform business partnerships with Kyobo Life Insurance, Kyobo Book Centre, and Kyobo Securities.
In the data sector, KakaoBank will collaborate with Kyobo Book Centre. KakaoBank plans to advance its credit evaluation model by researching and analyzing non-financial data such as customers' book purchase histories held by Kyobo Book Centre. They will also combine Kyobo Book Centre's distinctive content with KakaoBank's financial platform to jointly promote financial product partnerships and marketing.
With Kyobo Securities and Kyobo Life Insurance, they will pursue various linked financial products and services such as securities account openings, and develop financial products that can include medium-credit customers and those lacking financial history.
Hot Picks Today
SpaceX Opens IPO Floodgates... Anthropic and OpenAI Push Valuations into the Trillions
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- "From 119 Call to Hospital Transport"... Saving Sudden Cardiac Arrest Patients with AI and Video Calls
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
Yoon Ho-young, CEO of KakaoBank, said, "We plan to expand collaboration with other industries and companies so that more customers can conveniently use financial services in their daily lives. In particular, we will fulfill our social responsibility for customers with medium to low credit and those lacking financial history."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
