Kibo, Toss Bank and the Promotion of Non-Face-to-Face and Digital Finance

Establishment of a Non-Face-to-Face Financial Support Platform
Enhancing Convenience for Small and Medium Enterprises

The Korea Technology Finance Corporation announced on the 10th that it has signed a 'Business Agreement for the Activation of Non-Face-to-Face and Digital Financial Support' with Toss Bank.

This agreement was prepared to actively respond to the government's policy of creating a digital innovative financial ecosystem by mutually cooperating to activate financial support for the innovative growth of small and medium-sized enterprises (SMEs).

Through the agreement, both institutions will continuously cooperate to provide integrated digital and platform-based financial services for SMEs, including ▲establishing a non-face-to-face financial support platform ▲joint development of non-face-to-face and digital financial products ▲exchange of corporate data and network construction.

In particular, Kibo plans to further enhance SMEs' financial accessibility and convenience by introducing a 'One-Stop Guarantee System' that enables integrated processing from guarantee application and reception, data collection, guarantee contract, to loan execution through Toss Bank's non-face-to-face channel.

With this agreement, Kibo will collaborate with all three internet-only banks, following K Bank and Kakao Bank in March. Kim Jong-ho, Chairman of Kibo, said, “Kibo plans to provide various financial services for SMEs in cooperation with Toss Bank,” adding, “We will continue to do our best to strengthen the competitiveness of SMEs and improve customer convenience through continuous digital innovation.”

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