Cassiopae to Expand Operations with New Office in Seoul

Cassiopae, a finance and asset management software company, established new business operations in Seoul, Korea. Cassiopae can now locally support globalization of Korean headquartered finance companies as well as global finance system deployments that include Korea.

Cassiopae’s new Korea entity will enable the company to provide responsive, high-quality support for its clients in the region including one of the largest global OEMs and a captive automotive finance company. Both companies are now live on Cassiopae’s front-to-back loan and leasing software.

Wan Kyu Shin, director of Korean Operations, will lead the East Asian operations for Cassiopae. Formerly a director at Ernst & Young in Seoul, Shin has also held senior roles in the region for companies including Misys, Woori Bank, Busan Bank, Murex and IBM Korea.

Cassiopae software supports a wide range of financial products and asset classes for the Korean market including housing loans, loan cards, factoring, complex corporate leases, asset-backed securities (ABS) and non-performing loan (NPL) purchasing. For servicing and payment, Cassiopae is integrated with the most commonly used automated direct debit methods in Korea.

“Globalization is a critical strategy for finance companies in Korea, especially captive finance companies, in order to secure further growth,” said Emmanuel Gillet, Cassiopae CEO. “Our local expertise and presence in the region makes it easier for these companies to access and benefit from a proven finance system designed for global deployment.”

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