K Bank to Build Non-Face-to-Face Corporate Finance Platform, Targeting Launch Next Year

Digitizing the Entire Corporate Lending Process

Expanding Corporate Finance Services into Lending

K Bank is laying the groundwork to expand its corporate finance services for small and medium-sized enterprises (SMEs).

On June 24, K Bank announced that it has begun building a loan system for SMEs in order to offer non-face-to-face lending services to small and medium-sized corporate clients.

The core of this project is to establish a corporate finance platform that allows SME customers to apply for, review, execute, and manage loans entirely online. The goal is to digitize the entire corporate lending process, similar to the personal loan services offered to individual customers.

Major financial and IT specialist companies, including Samsung SDS, Bankware Global, KPMG, and Finger, are participating as primary contractors, with the launch targeted for next year. In particular, by utilizing artificial intelligence (AI)-based development technology, the company plans to enhance both efficiency and quality across all processes, from business requirements analysis to design, development, and testing.

While K Bank currently provides corporate clients with business banking services such as account opening, deposits, and transfers, the company aims to expand its corporate finance offerings into the lending sector with this project. In addition, K Bank will simultaneously carry out enhancements across all corporate banking channels.

A K Bank representative explained, “This is the first step in expanding our proven non-face-to-face financial innovation from households and sole proprietors to SMEs,” adding, “We will create an environment where SME customers, just like individual customers, can conveniently apply for, review, execute, and manage loans via mobile without visiting a branch.”

This content was produced with the assistance of AI translation services.