Gwangju Bank Launches Online Securities Trading Service ‘FINAVI’
Gwangju Bank is making a full-scale entry into the Vietnamese securities market.
On the 25th, JB Securities Vietnam (JBSV), Gwangju Bank's first overseas subsidiary and a securities firm based in Hanoi, Vietnam, announced the launch of its online securities trading service, ‘FINAVI (Financial Navigator: Geumyung Navigator)’.
‘FINAVI’ is an online securities trading system meticulously developed over a year, combining Gwangju Bank's fast and stabilized IT capabilities with a design optimized for the local market and differentiated features, allowing easy use from stock trading beginners to experts.
JBSV stated, “With the launch of FINAVI and various events, we will officially start securities trading services and continue to grow stronger as a comprehensive securities firm that has succeeded in localization.”
As part of diversifying its business areas, Gwangju Bank has been focusing on expanding into overseas markets.
In April 2020, it acquired ‘Morgan Stanley Gateway Security (MSGS)’, a securities firm based in Vietnam, renamed it ‘JBSV’, and launched ‘JBSV’ as Gwangju Bank’s first overseas subsidiary.
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Since then, JBSV has successfully turned a profit the year after acquisition based on localized investment banking (IB) businesses such as underwriting corporate bonds for local Vietnamese companies, and expanded its business areas to include customer-facing online securities brokerage and margin loan services.
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