Monetary leaders from Switzerland visited Toss Financial institution’s headquarters in Seoul to be taught concerning the improvements and achievements of Korea’s internet-only banks, Toss Financial institution stated Thursday.
The web-only lender stated the Swiss delegation, consisting of 18 members, was welcomed by Toss Financial institution workers, together with CEO Rhee Eun-mi, Wednesday.
Composed of C-level executives from main Swiss cantonal banks, the group represents key leaders within the nation’s monetary ecosystem. Switzerland has 26 cantonal banks, every established by its respective cantonal authorities to help the native economic system and monetary infrastructure.
Their go to to Toss Financial institution was organized by the Embassy of Switzerland in Korea, in partnership with Swisscom, a number one Swiss ICT firm.
Through the go to, Toss Financial institution shared its progress in digital innovation and efforts to develop buyer accessibility since its launch in 2021. The presentation highlighted the financial institution’s services and products, technology-driven threat administration and inclusive approaches for financially underserved teams.
The delegation additionally inquired concerning the aggressive construction of Korea’s monetary market, the function of fintech firms and the nation’s digital cost techniques. There was explicit curiosity within the regulatory framework in Korea, in addition to the event and societal contributions of internet-only banks.
“The break-even time of 21 months, the 40 merchandise a yr on common — unbelievable,” stated Christian Dicke, head of huge enterprises and company clients at Swisscom. “The best way you delegate authority into your agile groups on the tribal or squad stage in an effort to provide you with all these revolutionary concepts — that’s one thing we are able to take house and see how we are able to make our groups extra agile, step-by-step.”
Rhee stated Toss Financial institution goals to share its superior experiences in digital finance and contribute to constructing a sustainable international monetary ecosystem by exchanges with the Swiss monetary sector.
“The continual innovation and progress in increasing buyer accessibility that Toss Financial institution has achieved are usually not mere declarations. They’re being demonstrated by ongoing transformations within the Korean monetary market,” Rhee added.
