F&F
- Company typePrivate
- Founded2022
- HeadquartersSeoul, South Korea
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What F&F does
F&F (에프앤에프 주식회사, operating as 'Finance & Future') is a Seoul-based financial IT services and software company founded in 2022 that provides risk management, regulatory compliance, and digital transformation solutions to Korean financial institutions. The company serves insurance companies, securities firms, banks, and public financial institutions, with a named customer base that includes most major Korean insurers (Dongyang Life, MG Non-Life, Hanwha Life, ABL Life, KDB Life, KB Life, Shinhan Life), top securities firms (KB, Hana, Korea Investment, Hyundai Card, Daewoo), and public entities (National Pension Service, Korea Housing Finance Corporation). It positions itself as a 'Digital Transformation Leader' for the Korean financial sector.
F&F's core offering is the QuantumFuture™ suite of pre-packaged software products covering five domains: QuantumFuture™ Accounting (MSA-based, cloud-ready full accounting lifecycle), KICS (Korea Insurance Capital Standard solvency management), Market (VaR calculation with Delta-Gamma, Historical, Monte Carlo, and Stressed methodologies), Credit (Hull & White and Merton-model-based Basel II SA/IRB), and Operation (RCSA, KRI, incident management). The technology stack includes GPU-accelerated parallel algorithms for risk calculation and validated financial models, complemented by three service lines: Financial IT Services (full system lifecycle consulting, SI, and ITO), Risk & Compliance Services, and Digital Platform Services (STO token-securities platforms and financial investment income tax systems).
The business model combines professional services (SI, consulting, and managed ITO) with software licensing, sold through direct enterprise sales on multi-year custom-quoted contracts. In 2025, F&F merged with ISTN and INF Consulting to form Blueward Co., Ltd., consolidating its position in the Korean financial IT market.
F&F firmographics
Firmographics- Name
- F&F
- Legal name
- 에프앤에프 주식회사
- Website
- https://fnfbiz.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
F&F industry classification
Industry- Product category
- Financial Risk Management Software
- NAICS
- Computer Systems Design and Related Services (54151), Finance and Insurance (52)
- SIC
- Finance Services (6199), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Technology, Software & IT Services (FSABACAJ)
Keywords
Where F&F is headquartered
LocationHeadquarters
- HQ city
- Seoul
- HQ country
- South Korea
- HQ region
- Asia
Offices1 record
Markets served
F&F business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- System Integration (SI) Services: Custom system development and integration services for financial institutions, covering the full system lifecycle from planning through implementation. Revenue recognized on project basis with fixed-price or time-and-materials contracts.
- IT Outsourcing (ITO): Ongoing system operations and maintenance services provided to clients after system implementation, generating recurring service fees.
- QuantumFuture™ Software Solutions: Pre-packaged software solutions for accounting, risk management, K-ICS compliance, and other financial functions, potentially licensed on a subscription or perpetual basis.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise custom pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
F&F product offering
Product offeringCore offering
F&F (에프앤에프 주식회사) is a South Korea-based financial IT company that provides the QuantumFuture™ suite of proprietary risk management and regulatory compliance software solutions (Accounting, KICS, Market, Credit, Operation) alongside consulting, system integration (SI), and IT outsourcing (ITO) services for banks, insurance companies, and securities firms. The company specializes in Korean regulatory frameworks including K-ICS, IFRS17, Basel II, and STO digital asset platforms, and recently merged with ISTN and INF Consulting to form Blueward Co., Ltd.
Product overview
F&F offers a suite of QuantumFuture™ branded financial risk and compliance solutions complemented by digital platform and IT services. The core product line includes five QuantumFuture™ solutions covering accounting (Accounting), insurance solvency regulation (KICS), market risk (Market), credit risk (Credit), and operational risk (Operation). These solutions are complemented by three service offerings: Financial IT Services (consulting, system integration, outsourcing), Risk & Compliance Services, and Digital Platform Services (STO platforms, financial investment tax systems). The company also operates a technical research institute focused on AI, cloud, and GPU technologies. Note: The company announced it has merged with ISTN and INF consulting to form Blueward Co.
Differentiator
Problem solved
Functional benefit
Brands
- QuantumFuture™: Brand name for FNF's solution products including QuantumFuture™ Accounting, QuantumFuture™ KICS, QuantumFuture™ Market, QuantumFuture™ Credit, and QuantumFuture™ Operation
Products and services
- QuantumFuture™ Accounting
Quantifiable outcome
- Reduced evaluation time through GPU-accelerated parallel processing
- +2 more outcomes
Companies that use F&F
Customer profileNamed customers17 records
Segments4 records
Ideal customer profiles3 records
F&F technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
F&F partnerships and signals
Strategic signalScale indicators2 records
Recent moves7 records
Expansion highlights5 records
F&F competitors and assessment
Company assessmentBroad incumbents
- Hyundai Autoever: Korean IT services provider with growing financial-services vertical covering banking and capital-markets clients — comparable as a broad-incumbent Korean financial-IT services competitor to F&F.
- Samsung SDS: Largest Korean IT services conglomerate with a financial-sector vertical delivering cloud, SI, and consulting to the same Korean banks, insurers, and securities firms as F&F — competing on scale rather than niche specialization.
- LG CNS: Major Korean IT services firm with a dedicated financial-services practice serving banks and insurers — overlapping with F&F in SI, regulatory-compliance, and digital-transformation mandates but at significantly larger scale.
- Lotte Data Communication: Mid-to-large Korean IT services firm with established financial-sector clients (banks, insurers, securities firms) competing for SI and consulting mandates in the same Korean market as F&F.
- SK C&C (SK Inc. IT services): Large Korean IT services arm of SK Group serving financial institutions with cloud, ERP, and core-banking-style platforms — directly competitive with F&F in Korean financial-IT SI mandates.
Emerging players
- TmaxSoft: Korean enterprise-software vendor (databases, application platforms, digital-banking solutions) competing in adjacent slots of the Korean financial-IT stack — relevant as an emerging Korean alternative in digital-platform spaces where F&F (e.g., STO, MyData) also plays.
Direct peers
- S-Core (SGA Solutions): Korean financial-IT-focused system integrator providing consulting and core systems to insurers and securities firms, comparable to F&F's SI and K-ICS system-construction practice.
- Douzone: Korean enterprise software and IT services company with deep exposure to financial-institution accounting and ERP systems, directly overlapping with F&F's QuantumFuture Accounting and SI offerings to Korean banks and insurers.
- NICE Information & Communication: Korean financial-data and IT services provider to banks, securities firms, and insurers, with overlapping risk-management, compliance, and back-office system offerings for the same Korean financial-institution client base as F&F.
- Digicaps: Korean risk-management software specialist serving financial institutions with market and credit risk solutions, the closest direct comparable to F&F's QuantumFuture Market and Credit product lines.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
F&F social profiles
Digital presenceF&F financial estimates
Financial estimateRevenue estimate
Valuation estimate
F&F leadership team
Management profileNumber of profiles
Profiles2 records
F&F funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
F&F M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about F&F
What does F&F do?
F&F (에프앤에프 주식회사) is a South Korea-based financial IT company that provides the QuantumFuture™ suite of proprietary risk management and regulatory compliance software solutions (Accounting, KICS, Market, Credit, Operation) alongside consulting, system integration (SI), and IT outsourcing (ITO) services for banks, insurance companies, and securities firms. The company specializes in Korean regulatory frameworks including K-ICS, IFRS17, Basel II, and STO digital asset platforms, and recently merged with ISTN and INF Consulting to form Blueward Co., Ltd.
Is F&F a public or private company?
F&F is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was F&F founded?
F&F was founded in 2022. It employs 51 to 100 people.
Where is F&F based?
F&F is headquartered in Seoul, South Korea, in the Asia region.
How does F&F make money?
Three revenue lines are on record. System Integration (SI) Services are the primary driver. The others are IT Outsourcing (ITO) and quantumFuture™ Software Solutions.
Who are F&F's main competitors?
Broad incumbents on record are Hyundai Autoever, Samsung SDS, LG CNS, Lotte Data Communication and SK C&C (SK Inc. IT services). TmaxSoft is listed as an emerging player. Direct peers are S-Core (SGA Solutions), Douzone, NICE Information & Communication and Digicaps.
Does F&F have an API?
No public API is recorded for F&F.
What industry is F&F in?
F&F's product category is Financial Risk Management Software. Its primary akta.pro industry code is FSABACAJ, Technology, Software & IT Services. Its NAICS code is 54151 and its SIC code is 6199.