KB launches fintech platform

KB Kookmin Bank said Thursday that it kicked off KB Bizstore, the first corporate fintech platform incorporating financial functions and a business service interface.

KB Bizstore is a comprehensive financial management system, enabling user companies to manage their accounts, transfer cash, authorize e-payments and scan their business schedules through a single platform, officials explained.

Companies may customize the application to their best interests. All forms of businesses, ranging from private firms, public corporations, associations and small-sized entrepreneurs, may join in the service.

“Up to now, fintech-related products have mainly targeted individual consumers, but our new platform is a business-to-business service, seeking to offer help to companies, especially small businesses.”

By Bae Hyun-jung (tellme@heraldcorp.com)