Update
KB Kookmin Card Partners with SBI Holdings for AI Agent Identity Checks
KB Kookmin Card, a South Korean financial institution, has signed a memorandum of understanding (MOU) with Japan's SBI Holdings and two cybersecurity companies to test identity checks for artificial intelligence (AI) agents. The companies aim to examine how AI agents can securely access financial services and carry out transactions on behalf of users. The initial testing phase will focus on verifying the identity of AI agents operating from Japan when they access services in South Korea. The companies plan to explore linking the technology with KB Pay, its payment platform, to confirm user approval and ensure AI agents stay within their authorized transaction limits. Additionally, the partners will study the feasibility of Japanese tourists using stablecoins and other digital assets to pay at participating merchants in South Korea, covering payment and settlement procedures, cancellations, refunds, and responses to fraudulent transactions. No specific stablecoin or blockchain has been selected, and a commercial launch date has not been announced.