Collaboration with Five Ontu-up Companies Including PFCT and EightPercent
On May 26, Goryeo Savings Bank announced that it will become the first in the savings bank industry to participate in online investment-linked finance (known as "Ontu-up") investments.
Ontu-up is a financial service in which funds are raised from investors via an online platform, loans are provided to borrowers based on these funds, and then principal and interest are returned to the investors.
Goryeo Savings Bank plans to collaborate with five Ontu-up companies: HonestAI, PFCT, EightPercent, Mowda, and MoneyMove.
Through this Ontu-up linked investment, Goryeo Savings Bank aims to provide more reasonable loan services to mid-credit customers.
The bank also plans to enhance profitability by securing new business channels and to diversify its loan portfolio by expanding bond investments based on online platforms.
A representative from Goryeo Savings Bank stated, "Ontu-up linked investment will serve as an opportunity to further improve financial accessibility for mid-credit customers," adding, "We will continue to provide customer-centric financial services."
Previously, in July of last year, the Financial Services Commission designated the 'Ontu-up personal credit loan linked investment' service of savings banks as an innovative financial service.
Savings banks have been able to secure new digital-based business channels, while Ontu-up companies have established a stable funding base.
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