Nonghyup Bank Expects Strong Synergies with Korea's Largest Fintech Group

NH Nonghyup Bank announced that it held a seminar with the Dayli Financial Group, a fintech specialist, at the headquarters of the group in Yeoido, Seoul on June 1.

The first seminar sought a way to win-win partnership while discussing the concerns of the two companies under the theme of “financial API scalability.” By the end of the year, they will have follow-up exchanges on topics such as blockchains, virtual currencies, and big data analysis.

NH Nonghyup Bank is moving ahead with the implementation of a new fintech ecosystem where fintech companies operate directly with banks by commercializing open APIs for the first time in the financial sector. The bank expects its collaboration with the Dayli Financial Group with solid fintech infrastructure to create strong synergies.

The Dayli Financial Group is the largest fintech group in Korea with roughly 30 subsidiaries, including companies covering the gamut of fintech such as artificial intelligence, blockchains, personalized financial services and crowdfunding. NH Nonghyup Bank's "NH Pathfinder" bridged NH Nonghyup Bank and the Dayli Financial Group.

"NH Pathfinder" is a group of employees with passions and new prospective of the Fintech Business Department at NH Nonghyup Bank and an idea explorer that discovers the bank’s future growth engines by communicating and sharing issues such as fintech, big data and the IoT among others.