KB Kookmin, BNY Back Cross-Border Digital Payments
At the site of a global financial event held at the Miami Beach Convention Center in Florida, the United States, a domestic financial company and a major US bank joined hands to expand their digital financial territory.KB Kookmin Bank signed a ‘Strategic Memorandum of Understanding (MOU) for the Inn
At the SIBOS 2026 event in Miami Beach, Florida, KB Kookmin Bank and Bank of New York Mellon (BNY) signed a 'Strategic Memorandum of Understanding' to expand their digital financial services. This agreement, signed on September 28 according to US Eastern Time, took place during the largest annual gathering of global financial services industry professionals.
Baek Ki-hyun, KB Kookmin Bank's Head of Foreign Exchange Business Division, and Jennifer Barker, BNY's Head of Global Payments and Trade Finance, were among the officials who participated in the signing ceremony. The primary objective of this partnership is to respond to the rapid digital transformation in the global financial market and introduce innovative cross-border payment methods.
KB Kookmin Bank aims to leverage BNY's global payment network and 'Pay to Wallet' capabilities to enhance its remittance services for foreign residents in Korea and international students overseas. This collaboration is not limited to improving remittance services but focuses on comprehensive cooperation across foreign exchange and payment services, aiming to elevate the overall cross-border payment experience.
KB Kookmin Bank expressed satisfaction with the strategic partnership, stating they have established a foundation for cooperation with a reliable global partner in the field of overseas payment innovation. The bank plans to continue providing differentiated services in digital payments, digital assets, and next-generation financial infrastructure.
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