[Mid-term info] Corporate Bank and Seoul City collaborate to grow next-generation fintech companies.
┃ Seoul Metropolitan Government's support for 'IBK First Lab'
┃ Use as a test bed space
┃ Selected 8 participating companies for the 3rd term last month
┃ Promoting adoption of digital innovation in banks
┃ ESG Excellent Mid-Term Low-Interest Loan of 500 Million
┃ Housing Finance Corporation and 15 billion fund raising plan
IBK Corporate Bank is focusing its capabilities on discovering and nurturing next-generation fintech companies and collaborating with artificial intelligence (AI) companies to lead the future digital finance era.
IBK Corporate Bank (CEO Jong-won Yoon) announced that it signed a “Business Agreement to Support the Commercialization of Fintech Companies” with Seoul City on the 10th of last month. Under this agreement, the two organizations plan to cooperate to exchange information for the development of other fintech industries by providing test bed support for commercializing technology and ideas for fintech companies, recommending excellent fintech companies and mentoring fintech companies to cooperate with financial institutions.
(Omitted)
In addition to the fintech sector, corporate banks are collaborating with next-generation information technology (IT) startups such as AI to provide innovative digital finance services. To this end, 8 companies were selected to participate in the 3rd phase of 'IBK 1st Lab (First Lab) ', an open innovation test bed, on the 28th of last month.
“IBK 1st Lab” is an experimental space that tests whether innovative technologies and ideas owned by participating companies can be fused into the bank's products, services, and business processes. The companies selected for the 3rd phase have △ comments △ WAI △ Romin △ Antock It's △ Oasis Business △ Cogcom △ Teddy Sum △ How To Be Lab.
(Omitted)
Under this agreement, the Corporate Bank will establish a 15 billion won fund with Korea Housing Finance Corporation to support low-interest mutual growth cooperative loans. △ It lends up to 500 million won to eco-friendly companies (E), companies that fulfill social responsibility (S), and small and medium-sized enterprises with excellent governance structures (G), and reduces loan interest rates by 1.3% points per annum.
A corporate bank official said, “We hope this agreement will help spread ESG management for small and medium-sized enterprises,” and “we plan to help sustainable management by strengthening relevant support to raise the ESG awareness of small and medium-sized enterprises in the future.”
[Reporter Jung Ji Sung]
[ⓒ Maeil Keizai & mk.co.kr, unauthorized reproduction and redistribution prohibited]
