S&P 500 Hits Record High as Soft Inflation Data Eases Fed Rate Hike Fears 
Paramount Skydance Clears Regulatory Hurdles for Warner Bros. Discovery Deal 
Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook 
Bank of America to Buy Up to 49.9% Stake in Jio Credit for $1.92 Billion 
Australia’s Corporate Leaders Face Parliament Over KPMG Client Data Scandal 
Wall Street Hits Record High as Softer Inflation Data Eases Fed Rate Hike Fears 
Gold Prices Slip From 10-Week High as Fed and Hormuz Risks Shape Outlook 
Pandora Shares Rise as Q2 Results Beat Forecasts, 2026 Outlook Raised 
Lenovo Revenue Surges 43% as AI Demand Drives Record First-Quarter Growth 
US Dollar Slips as Softer PPI Data Eases Fed Rate Hike Expectations 
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar 
Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan 
Micron Stock Upgraded to Buy as New Street Sees $2 Trillion Valuation Potential 
Canada-US Trade Talks Gain Momentum Ahead of Aug. 19 Tariff Deadline 
European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious 
Antofagasta Shares Drop 5% as Miner Cuts 2026 Copper Production Forecast 
Asian Currencies Steady as Dollar Holds Firm After U.S. Inflation Data 
Add as a preferred source on Google
Shinhan Financial Group and Visa card have joined forces to work together on data and global business. This is a strategic agreement between the companies with the aim of product and service development that can be offered in the international arena.
Shinhan and Visa will also be collaborating in the line of data utilization. The South Korean financial company confirmed the past weekend that it has agreed to sign the partnership with Visa card.
While the news was only shared recently, the agreement was already signed on Oct. 17 when Visa’s chairman and chief executive officer, Alfred Kelly Jr., met up with Shinhan Financial Group’s president and CEO, Cho Yong Byoung, at Visa’s headquarters in San Francisco, U.S.A. for a signing ceremony, as per The Korea Times.
With the new partnership deal, the Seoul-headquartered financial holding firm will be able to use Visa's global data when creating and developing its own products and services.
"Shinhan Financial Group is conducting product and service development and various marketing activities based on data information,” CEO Cho said in a statement. “We aim to achieve the two companies' mutual growth, as we cooperate on accumulated data and global networks."
InfoStock Daily reported that in line with Shinhan’s plans to make use of Visa's global data, it would also work with the American premiere card issuer in other fields of business, such as the new technology education for data analysis.
Moreover, Shinhan said it will also for a “working group" where major companies and Visa-related departments can come together and cooperate for the creation of practical results in 2023 via business verification and feedback that will be gathered by the end of this year.
Meanwhile, Shinhan’s debit car unit launched two debit cards in collaboration with Kpop talent agency JYP Entertainment. According to Korea Joongang Daily, the debit cards that were released more than two weeks ago feature the boy group Stray Kids and girl group ITZY which are both being managed by JYPE.
Every time the user of the debit card makes a purchase, a portion of the amount spent will be donated to charity. The best thing about the cards is that it has no annual fee, plus there is a five percent cashback when buying a concert ticket through Yes24 or if they will join the groups’ respective fan clubs.
Photo by: Nathan Dumlao/Unsplash
