KB Kookmin Bank Signs 'Business Agreement for the Practice of Inclusive Finance' with NICE DNR

Strengthening Transparency and Security in Payments Through Integration with 'Nomubee.com' Platform
Building a Robust Inclusive Finance Ecosystem
That Small Businesses and On-site Workers Can Truly Experience

On July 14, KB Kookmin Bank announced that it had signed a 'Business Agreement for the Practice of Inclusive Finance' with NICE DNR, a company specializing in corporate data and platforms, on the 13th.

Hyunwook Kim, Vice President of Corporate Customer Group at KB Kookmin Bank (right), is taking a commemorative photo with Namyoungmin, CEO of NICE DnR. KB Kookmin Bank

The signing ceremony was held at the new headquarters of KB Kookmin Bank in Yeouido, Seoul, and was attended by Namyoung Min, CEO of NICE DNR, Hyunwook Kim, Executive Vice President of the Corporate Customer Group at KB Kookmin Bank, and other representatives from both companies.

This agreement is designed to support small and medium-sized enterprises (SMEs) struggling in the current high-interest and high-inflation environment, and to help establish an inclusive finance ecosystem. It aims to achieve this by utilizing 'Nomubee.com,' the electronic payment system operated by NICE DNR, to prevent delays in wage and payment settlements in the construction, shipbuilding, and manufacturing industries.

Through this agreement, both companies will integrate KB Kookmin Bank's financial infrastructure with NICE DNR's platform management expertise to establish a joint cooperation system for small and medium-sized partner companies and their workers. By introducing a trust-based system to the 'KB Subcontractor Keeper Account,' they will ensure that construction payments can be made securely without the risk of seizure or garnishment, and by providing escrow services, further strengthen the protection of business-to-business transaction payments. As a result, workers are also expected to have reduced concerns regarding wage payment delays.

A representative from NICE DNR commented, "This agreement has further enhanced the credibility of Nomubee.com," adding, "We will continue to innovate our platform so that SMEs and on-site workers can focus on their core work."

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