F&F

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.

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

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

• Financial risk management
• Regulatory compliance software
• Insurance solvency solutions
• Credit risk analytics
• Financial IT consulting

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. 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.
2. IT Outsourcing (ITO): Ongoing system operations and maintenance services provided to clients after system implementation, generating recurring service fees.
3. 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

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core 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

Named customers17 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Broad 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

• Facebookfacebook.com/FNFBIZ
• LinkedInlinkedin.com/company/fnfbiz

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about F&F