Shinhan Financial Group partners with Toss to create Korea's 3rd internet bank
- 5 years ago
신한금융-토스, 제3 인터넷전문은행 추진 협력
Shinhan Financial Group is partnering with fintech company Toss to create a new internet-only bank.
Next month, the consortium will apply to the Financial Services Commission for a preliminary license.
Once established it will be the third internet-only bank in the nation, following KakaoBank and K bank.
In its statement, Shinhan pointed out the partnership will help boost innovation in the local finance industry.
Toss, created in 2015, is a fintech company with more than 10 million registered users as of early February.
Shinhan Financial Group is partnering with fintech company Toss to create a new internet-only bank.
Next month, the consortium will apply to the Financial Services Commission for a preliminary license.
Once established it will be the third internet-only bank in the nation, following KakaoBank and K bank.
In its statement, Shinhan pointed out the partnership will help boost innovation in the local finance industry.
Toss, created in 2015, is a fintech company with more than 10 million registered users as of early February.