Global banking leaders recognize Korea's fintech edge during Toss Bank visit

Toss Bank said Thursday that board members of the International Banking Federation (IBFed) visited its headquarters Wednesday to discuss the innovation of Korea's internet-only banking sector. Key figures from major banking associations — including Anthony Ostler, chair of the IBFed — took part in the visit. The delegation of 18 included representatives from the U.S., Europe, Australia, South Africa, India and China. Their visit coincided with the 84th Board Meeting of the IBFed, hosted by the Korea Federation of Banks in Seoul. Established in 2004, the IBFed is a global consultative body representing the banking industry. Its full members represent six regions — the U.S., Europe, Japan, Australia, South Africa and Canada — while Korea, China, India and Brazil are associate members. Toss Bank CEO Rhee Eun-mi and Chief Strategy Officer Park Jin-hyun welcomed the visitors. The bank said it showcased the innovative spirit of Korea's internet-only banking industry, highlighting its customer-centric service model and technology-driven risk management. "Toss Bank aims not only to drive