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IBK to Assist in International Business of Fintech Firms with USMAC, Nestholma
Global Networking
IBK to Assist in International Business of Fintech Firms with USMAC, Nestholma
  • By marie
  • June 16, 2016, 02:00
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Industrial Bank of Korea vice president Shi Suk-joong (center) signed a memorandum of understanding with U.S. Market Access Center CEO Chris Burry (left) and Nestholma co-founder Antti Kosunen (right).
Industrial Bank of Korea vice president Shi Suk-joong (center) signed a memorandum of understanding with U.S. Market Access Center CEO Chris Burry (left) and Nestholma co-founder Antti Kosunen (right).

 

The Industrial Bank of Korea (IBK) announced on June 14 that it signed a memorandum of understanding (MOU) with U.S. Market Access Center (USMAC) and Nestholma in order to assist in the global business of fintech firms.

USMAC is a Silicon Valley-based startup incubator and Nestholma is an organization serving for the same purpose in Helsinki, Finland.

According to the MOU, the IBK is going to set up global networks with both of them while helping fintech firms to join demo day events taking place in the United States and Finland. 

“We decided to work with one another so that an increasing number of promising fintech firms can be found and do their business in global markets,” the IBK explained, adding, “We hope that more and more South Korean fintech firms can have their technological strength acknowledged in overseas markets including the United States and Finland.”