PayGate

The 'Seyfert Platform' developed by Paygate, a global payment and P2P financial company, recently celebrated its 10th anniversary. Paygate's Seyfert platform is an electronic wallet-type system that links P2P financial companies with depository institutions, a service that safely escrows investors' rights, a safeguard that manages the flow of funds among investors, borrowers, P2P financial companies and depository institutions. This service blocks the transfer of deposits upon receiving a request to block the Seyfert service of the P2P financial company from related institutions to the P2P financial company, and after the investigation is cleared, it processed the returning process through various stages of verification through authentication via user’s mobile phone through ‘sending official letter, receiving returning applications, organizing received contents, and checking DB, etc’ to return the deposits of good investors except for related parties. At the same time,

With the implementation of the Online Investment-linked Financial Services Act, related operators are increasingly curious about the scope of consignment of comprehensive computing consignment businesses. Paygate announced on the 10th that it will hold an online public seminar after three months of preparation on the scope of consignment for the comprehensive computing consignment business. ▲ Webinar 'Paygate's Service Guide for Online-investment-Business Registration Response' banner Paygate, as a payment agency, trading protection business, and foreign currency remittance business provider, has been providing E.Wallet (Seyfert) and linkage to the financial sector of P2P business operators for many years. Ahead of this year's enforcement of the Act, the company have outlined the requirements for license applications for Seyfert members. Online investment financiers is: ▲ P2P financial platform corresponding to the online investment-linked financial service Act ▲ Networ

Function to enquire investment details and deposit details of P2P companies that have been discontinued. An opportunity to experience the services of trustees prior to the implementation of ‘Online Investment-Linked Financial Service Act’. Paygate, a fintech company, has opened the ‘Seyfert Member’ service that allows users to view investment information of P2P investors who use Seyfert in one place. So far, investors had to check and manage all funding information they invested for each operator, so they had to suffer a lot of inconveniences in managing one or two to dozens of sites individually. ▲ Homepage screen of ‘Seyfert Member’ (Photo credit = Paygate) ‘Seyfert Member’ has opened a service that can improve such inconveniences and integrate and manage activity information of all P2P investment members who have a history of using the platform or are currently using it. Seyfert investors can subscribe to Seyfert member services through self-authentication and account verification,

Business agreement on Crowdfunding of Paygate and IB Entertainment Comedian and Pastor Pyo In-bong. Production of Musical ‘Mamanuyo’ Comedian and Pastor Pyo In-bong. Production of Musical ‘Mamanuyo’...Business agreement on Crowdfunding of Paygate and IB Entertainment Paygate, a FinTech company, signed a business agreement on the 11th for crowdfunding with IB Entertainment, which produces the musical "Mamanuyo". Produced by comedian and pastor Pyo In-bong, the musical "Mamanuyo" is a comic code version of an episode in the Bible, which is composed of exciting music and cheerful laughter, making it fun and easy for everyone to fall in love with it. ▲ (From the left) Park So-yeong, CEO of Paygate, is taking a commemorative photo with the comedian and pastor Pyo In-bong, after signing a crowdfunding business agreement for the musical “Mamanoyo”. (Photo credit = Paygate) This production will raise part of the production cost based on crowdfunding, and collect the fundrai

Review of major issues related to Online Investment-linked Financial Service Act… Sharing preparations and support details Paygate, a Fintech specialized company, held a seminar to respond to the ‘Online Investment-Linked Financial Service Act’. On the 18th, Paygate Co., Ltd. announced on the 19th that it had successfully completed an Online Investment-linked Financial Service Act (hereinafter referred to as the ‘On-To Act’) response seminar at the 31st floor of Lotte Tower, Songpa-gu, Seoul. ▲ Paygate held an Online Investment-linked Financial Service Act seminar at the Auditorium on the 31st floor of Lotte Tower, Songpa-gu, Seoul on the 18th. (Photo credit= Paygate Co., Ltd.) On this day, the seminar was held from 1 to 4 pm, and from 4 to 5 pm, Paygate executives and employees gathered for an hour to review the preparations and progress of the On-To Act response. In order to practice distance-keeping in daily life, Paygate secured 120 seats, nearly twice the size of the participants,

Paygate announced on the 13th that it will provide a P2P investment open information service through the 'Open Real Estate' service of its partner legal platform LAWFIN. Paygate is a company that provides Seyfert, a separate storage platform for P2P financial platforms (P2P loans). All P2P financial companies that operate real estate property are eligible to participate in the 'Open Real Estate' service. P2P financial service providers participating in this service can automatically guide and secure the collateral (registered) status of real estate investment products to all investors through LAWFIN's 'Open Real Estate' service. The 'Open Real Estate' service is a service that automatically checks the status of real estate registration and is notified through a notification when the registered change is confirmed. Investors can be informed of the collateral status of investment products by simply applying for 'notification'. Collateral status

Paygate responds to preemptive enforcement of P2P Financial Law. In accordance with the enforcement of the Online Investment-linked Financial Service Act, a briefing session, such as the FSS registration procedure, is held. In accordance with the enforcement of the Online Investment-linked Financial Service Act, a briefing session, such as the FSS registration procedure, is held. Provide accurate information to companies entering P2P financing and support member licensing applications. Paygate Co., Ltd., a fintech company, will hold a briefing session on the Online Investment-linked Financial Service Act, which will take effect on the upcoming August 27, and directly support P2P member companies' preparations. ▲ On the upcoming 18th afternoon, the Seyfert Seminar will be held in accordance with the enforcement of the Seyfert P2P (Online Investment-Linked Financial Industry) Act. (Photo credit = Paygate Co., Ltd.) In the meantime, P2P Finance has been rapidly developed as an online

PayGate spreads donation culture through Good People and Crowdfunding ▲ Park So-yeong, CEO of Bilbao Crowd, and Executive Director Kang Dae-sung of Good People meet to sign a business agreement. (Photo credit = PayGate) The crowdfunding platform Bilbao Crowd signed a business agreement with the International Relief Development Non-Governmental Organization (NGO) “Good People” on the 22nd to create a donation culture at home and abroad. PayGate announced on the 28th that CEO Park So-Yeong met with Yoon Soon-Rok, Director of Bilbao Crowd, and Kang Dae-Sung, Executive Director of Good. Bilbao Crowd is a platform that runs on Paygate's Seyfert system. It was started to make it easier for individuals or small organizations to get the opportunity to fund and promote the project. The goal is not only to raise funds, but also to serve as a platform to connect the value of social contribution. Kang Dae-Sung, Executive Director of Good People, said, “We look forward to creating

Paygate launches Borrowing Company Inquiry Service ahead of online Investment-linked Financial Act Enforcement Ahead of the implementation of the Online Investment-linked Financial Industry and User Protection Act (hereinafter referred to as the "On-To Act" and the former "P2P Finance") on August 27 this year, Paygate will launch a service that can view loan-related data of the borrowing companies. The initial model launched this time will provide information on the number and duration of inquiry requests except for the loan amount inquiry. The On-To Law strengthens the limits on investment and loans of individuals and companies more than the existing guidelines, and applies the overall integrated limit on the platform-specific limits. As it is a matter prescribed by law, it must be followed in the future, and there is an assignment that the system and structure must be improved for integrated application. Paygate is a separate storage financial platfor

Seyfert FDS. Account abuse attempt tracking and withdrawal stop function… P2P Investor Protection Money laundering exploited by the virtual account function, Dummy in the Paygate fraud detection system Paygate's Seyfert Platform's FDS (Fraud Detection System) system of Fintech's specialized company Paygate captured the money laundering exploitation of virtual accounts and the withdrawal of illegal sports gambling funds and prevented criminal activity for the 10th time in advance. In early March, Mr. Kim tried to launder money for illegal gambling funds using a Seyfert virtual account. Mr. Kim was already registered as a case of damage in Dutch, and the victim's open chat room also had several fraudulent histories. Seyfert FDS(Fraud Detection System) Seyfert FDS recognizes Mr. Kim's attempt to withdraw gambling funds, and block withdrawal due to detection of the abnormal transaction in the first round, the second round is manual verification and the thi

All employees, excluding those on duty, work from home to respond to Corona-19 (Covid-19). ▲ Paygate where all employees telecommuting except those on duty and service operations team. In order to respond to coronavirus infection-19 (COVID-19), the global fintech company Paygate is conducting telecommuting based on a remote work system for all employees except for those employees on duty. Paygate has been implementing social distance keeping early, providing masks for all employees, keeping hand sanitizers in the office and more, as the coronavirus-19 confirmed cases began to exceed 1,000 in February. At the end of February, the government put forward a contingency management policy by conducting partial telecommuting tests and as the rate of transmission continued to rise, it began to change its overall work style to telecommuting from 2nd of March. Paygate, which has established a working environment so that communication between employees is seamless even when working f

PayGate Leads Investor Protection with P2P Financial Anomaly Detection Block abnormal transactions through FDS and AML In an era when online fintech is becoming a household item, the importance of detecting abnormal transactions is growing further ahead of the implementation of the legislation of the P2P financial industry amid concerns over consumers' damage from illegal activities such as hacking or voice phishing and money laundering. In 2020, P2P financing will be the first year in the world to be recognized as a full-fledged financial operator through the implementation of the Online Investment Linked Financial Business and User Protection Act (hereinafter referred to as the “On-To Act”) under the guidelines of financial authorities. PayGate is leading the industry with substantial results protecting investors by blocking abnormal transactions through Financial Instruments (FDS) and Anti-Money Laundering (AML), which must be implemented as financial operators. ▲ Pay

Money20/20 Asia update We are writing to let you know that Money20/20 Asia will now take place from 25th – 27th August 2020 at Marina Bay Sands, rescheduled from the original date of 24th-26th March 2020. The safety of our customers is our first priority and in light of the 2019 Novel Coronavirus (2019-nCoV) outbreak this decision has been made following guidance from Marina Bay Sands and Singaporean authorities. Your delegate pass(es) to Money20/20 Asia will be transferred over to the new dates. We look forward to bringing our world-class event to Singapore later this year, with the full support of our delegates, speakers and sponsor community. Please note that if you have booked a hotel room at Marina Bay Sands from our discounted room block it will not automatically move over to the new dates. Your booking will be cancelled and refunded in order to allow you flexibility and you will need to make a new booking through our booking link. The same discounted rates will be availa

Kickstart the decade with Asia’s biggest disruptors at Money20/20 in Singapore Money20/20. No, not the year 2020 but perfect, 20/20 vision. As in, see-into-the-future-of-money type vision. Money20/20 brings that future into crystal clear focus, so those in the industry can plan, create, collaborate – and take their businesses forward. With that goal in mind, the region’s biggest change-makers are joining the line-up in Singapore, with keynotes including: - Douglas Feagin, President of International Business, Ant Financial Services Group - Armand Hartono, Director, PT Bank Central Asia, Tbk - Jason Thompson, CEO, OVO - Jason Gardner, Founder & CEO, Marqueta - Muhamad Fajrin Rasyid, Co-Founder & President, Bukalapak - Anubrata Biswas, MD & CEO, Airtel Payments Bank Grab, Stripe, Tencent, WeBank and BigPay are also amongst the many visionaries at Money20/20 set to spark new strategies and drive the next surge of innovation. The event is set to showcase spe