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Apps open up in South Korea for personal finance » Banking Technology

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he South Korean government is launching an open platform designed to let firms develop and test apps for personal finance management.

According to Korea Joongang Daily, the platform will be available at the end of this month. The Financial Services Commission in South Korea announced today (10 August) that 16 banks and 25 brokerage firms are taking part in the joint open platform, which includes an open API and a test bed.

“Once the open platform is completed, fintech companies will no longer have to sign contracts with different financial companies,” says Yim Jong-yong, Financial Services Commission chairman.

From Apps open up in South Korea for personal finance » Banking Technology

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