Adappter Token(ADP) New partnership with KB Kookmin Bank

Partner's Name

KB Kookmin Bank

Counterparty Website

https://www.kbstar.com/

Counterparty Details

Founded in 2001, Kookmin Bank is an affiliate bank of KB Financial Group that operates businesses such as deposits, loans, payment guarantees, investments, and trusts. KB Kookmin Bank is expanding digital services one after another with the aim of activating mobile apps beyond Internet banks. In addition, in February, the Korea Appraisal Board and the Korea Appraisal Board Association introduced the "digital appraisal report" for the first time in the banking sector. Rapid collateral evaluation and loan screening are possible, and blockchain technology is applied to easily prevent forgery and alteration by verifying the authenticity of the appraisal report. Kookmin Bank is considered the fastest to build a digital platform among traditional banks except Internet banks, and is receiving positive reviews that it will achieve its actual goal.

Does this partnership generate any kind of revenue?

NO

Applicable Date(s)

2022-02-23

Partnership Details

KB Kookmin Bank will develop a business model derived in conjunction with various services within the Adappter Ecosystem operated by Sinest, promote joint marketing to revitalize the two companies' businesses, and develop financial products and services for customers.

- Establish a cooperative system between the two companies to discover and promote innovative digital businesses.
- Promotion of joint marketing to vitalize joint business.
- Activation of preferential policies for joint business customers.
- Development of customized financial products and services for joint business promotion.

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