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FinTech Group and Finotek team up for the first German-Korean fintech joint venture

Friday 3 June 2016 11:02 CET | News

Finotek start cross-licensing innovative technology solutions in the first European-Asian fintech joint venture. 

More than that, the FinTech Group AG was invited by the Korean government to sign the joint venture in the presence of Koreas president Park Geun-hye in Paris.

Under the framework of the joint venture, FinTech Group provides access to its proprietary mobile-payment solution kesh, a multi-facetted smartphone wallet, which allows peer-to-peer, POS, and online-payments.

It is planned to market the solution under a white-label-agreement in Asia.
Finotek, a B2B-specialist with renowned Korean clients both public and private, offers a number of all-digital mobile-powered solutions, which will be leveraged to expand FinTech Groups product portfolio in the

European market. Finotek provides mobile banking solutions, which allow for remote internet banking services with real-time ID verification.

With SmarterSign Finotek also developed a biometric authentication solution for mobile-based e-signature verification and fraud prevention. Additionally, Finotek provides a cloud-based, fully-mobile, and real-time mortgage platform to complete a loan application in just 30 minutes.


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Keywords: FinTech Group, Finotek, German-Korean, fintech, joint venture
Categories: Payments & Commerce
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Countries: World
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