SBI Savings Bank and Toss Join Forces for Loan Comparison Credit Loan Service

Launch of "TossBee Credit Loan" Product
SBI Savings Bank and Toss Sign Strategic Partnership
Joint Development of Data-Driven Financial Services Planned

SBI Savings Bank announced on the 26th that it has signed a strategic business agreement (MOU) with Viva Republica, the operator of Toss, to operate a loan comparison credit loan service.

SBI Savings Bank and Viva Republica, the operator of Toss, signed a strategic business agreement (MOU) on the 25th at the Toss headquarters in Yeoksam-dong, Gangnam-gu, Seoul, and are taking a commemorative photo. From the left, Kim Moon-seok, CEO of SBI Savings Bank, and Lee Seung-gun, CEO of Toss. Photo by SBI Savings Bank

On the same day, the two companies signed the agreement at Toss headquarters in Gangnam-gu, Seoul, with Kim Moon-seok, CEO of SBI Savings Bank, and Lee Seung-gun, CEO of Toss, in attendance.

Through this business partnership, SBI Savings Bank and Toss plan to launch a new product called "TossBee Credit Loan," specialized for Toss loan comparison services.

This is a Toss platform-specialized product that offers reasonable interest rates to customers using the Toss loan comparison service.

The two companies intend to strengthen their collaboration starting with the TossBee Credit Loan product. In particular, based on data-driven strategic cooperation, they plan to jointly develop customized products and services such as advanced credit evaluation models and optimized customer experiences.

CEO Kim said, "In the era of the Fourth Industrial Revolution, data-based advanced financial services are essential," adding, "We will strive to provide more innovative products and services to customers by combining SBI Savings Bank’s experience and know-how with Toss’s innovative technology."