Paygate responds to preemptive enforcement of P2P Financial Law.

By -
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 loan information brokerage business within the guidelines of the Financial Services Commission. However, there were also voices of concern about the extent of the damage that could not be confirmed, such as the case where investors suffered due to the rapid change in the market, or overdue or default management.


To this end, the government decided to grant P2P financial companies the power and responsibility by giving the legal status of implementing the world's first Online Investment-linked Financial Service Act to actively respond to market changes and strengthen the net function of online loans.


Currently, the authorities are preparing the enforcement ordinances, supervisory regulations, and enforcement regulations. Paygate will hold a briefing session on the 31st floor of Jamsil Lotte Tower on the upcoming 18th at 1pm to provide accurate information such as the FSS registration process and statutory associations to companies engaged in P2P finance, as well as those interested in entering P2P Financial markets in time for enforcement of the law, and also to support the license application for member companies. Application for participation in the seminar can be made at ‘onoffmix’.


A Paygate official said that the event will be attended by officials from the Online Investment-linked Financial Association's establishment promotion team to guide them on the right information on the preparation for registration and the schedule for future progress, and to answer questions through on-site questions and answers.


Park So-yeong, CEO of Paygate, said, "We will continue to develop to enhance customer convenience and provide services optimized for the regulation of Online Investment-linked Financial Service Act through the organization of various major issues and system updates that are raised at the briefing session."

Comments

Post a Comment

Popular posts from this blog

Neoprame, developing new assets trading platforms, with Paygate

By -
Image
 Neoprame, a securities solution company, announced that it will join hands with Paygate to build a platform specializing in asset trading. Neoprame was founded in 1999 and has been researching and developing only securities solutions for 23 years. After being incorporated as a subsidiary of Paygate in 2020, it decided to launch its own service platform along with the existing platform construction project through business reorganization. Based on Paygate's service competitiveness and Neoprame's original technology, a new asset trading platform is being developed, and the service name is tentatively called "Solio," and beta service will be introduced in the second half of this year. An official at a securities firm said, "It is very encouraging and expected that Neoprame will launch its service by internalizing its technology, and it is expected to be worth exploring collaborative models with securities firms." Meanwhile, as of August 2022, CEO Park So-young...
Read more

Paygate, a P2P finance company, marks the 10th anniversary of the Seyfert platform service for 'Fund Flow Management Electronic Wallet'

By -
Image
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, ...
Read more

Paygate launches an automatic notification service for real estate property status change

By -
Image
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...
Read more