OasisFund, KCB, and Korea Scoring Sign Business Agreement... Collaboration in Credit Evaluation System Development

[From the left, Park Young-seok, CEO of Korea Scoring; Kim Sung-gil, CEO of Oasis Fund; Jeon Kyung-ho, Head of Korea Credit Bureau (KCB)]

Onto-Up Finance Oasis Fund (CEO Kim Seong-gil) announced on the 20th that it has signed a business agreement with Korea Credit Bureau (CEO Hwang Jong-seop) and Korea Scoring (CEO Park Young-seok) to develop and operate an Onto-Up Finance credit evaluation system.

Oasis Fund is an Onto-Up company that has legalized P2P (peer-to-peer) financial services.

Through this agreement, they plan to develop a credit scoring system (CSS) to enhance discrimination for medium- and low-credit customers and expand the scope of alternative information usage. In particular, by utilizing non-financial information to comprehensively evaluate individual credit and regularly monitoring the credit scoring system (CSS) through Korea Credit Bureau Co., Ltd. during operation, they will collaborate to ensure transparent product operation for investors and borrowers.

CEO Kim Seong-gil said, “This cooperation has become an opportunity for Oasis Fund to secure higher customer trust,” adding, “We will strive to satisfy investor needs by developing systems and low-risk products based on systematic screening for investor protection.”