Big data has been a big issue from some time, with the likes of Google controversially harvesting information from customer email and other accounts for years.
KB Kookmin Bank CEO Hur Yin is expected to be reappointed to the post, becoming the first leader of the bank to serve three consecutive terms.
Major credit card companies are rolling out new products outside traditional payment services in an attempt to compete with big tech firms entering the financial services sector.
A churchgoer has been attending online services for three consecutive weeks due to the coronavirus pandemic. Recently, she was informed of a new initiative at her church: online banking services for church donations.
KB Securities was fined 3.8 billion won ($3.2 million) for not handling customer data properly and violating more than one capital market regulation.
KB Kookmin Bank will become the largest shareholder of Bank Bukopin, a midsized bank in Indonesia, the Korean financial company announced July 20. The agenda item was approved at the company’s board meeting held July 16.