Financial Supervisory Service news and trends

Open Banking Targets Pain Points — And Global Expansion
B2B Payments // May 05, 2020

Open banking remains on track to proliferate across the globe, in spite of the coronavirus pandemic. Rather, market volatility may actually be propelling open banking’s expansion as FinTechs explore new ways to unlock bank account data to support cash flows of small- to medium-sized businesses...

Head Of South Korea’s FSS Steps Down Due To Hiring Scandal
South East Asia // March 13, 2018

The head of South Korea’s financial watchdog, the Financial Supervisory Service (FSS), has resigned after questions have surfaces about hiring practices at his previous employer. According to The Korea Herald, Choe Heung-sik was president of Hana Financial Group from 2012 until 2014. Hana owns KEB...

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Head Of South Korea’s FSS Steps Down Due To Hiring Scandal

March 13, 2018
The head of South Korea’s financial watchdog, the Financial Supervisory Service (FSS), has resigned after questions have surfaces about hiring practices at his previous employer. According to The Korea Herald, Choe Heung-sik was president of Hana Financial Group from 2012 until 2014. Hana owns KEB Hana Bank, the group’s signature banking arm and South Korea’s […]