✉news TechnologyInternet first seen 4 d ago, last 4 d ago, peak #27
Internet banks and fintech firms race into lending market
Original: Internet banks (Inbang) and fintech companies are speeding up their efforts to tap into the lending
South Korea's internet-only banks and fintech companies are accelerating efforts to expand into the lending business, according to Maeil Business Newspaper. The move signals growing competition in consumer finance as digital-first players push beyond payments and other services into loans, a core profit area traditionally dominated by commercial banks.
Why now: Digital financial firms' push into lending threatens traditional banks' market share, making it a live competitive issue.
internet banksfintech companiesMaeil Business NewspaperSouth Korea
Evidence
- Internet banks (Inbang) and fintech companies are speeding up their efforts to tap into the lending · 매일경제
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