Shinhan Bank's Japanese Corporation Establishes Digital Subsidiary 'SBJ DNX'

[Asia Economy Reporter Kwon Haeyoung] Shinhan Bank announced on the 2nd that its local Japanese subsidiary, SBJ Bank, has established a digital and ICT specialized subsidiary, SBJ DNX.

This is the first time Shinhan Bank has established a subsidiary of an overseas corporation, signaling its intention to accelerate the strengthening of digital finance within its global network.

SBJ DNX is fully funded by SBJ Bank and will be incorporated as a grandchild company of Shinhan Bank. DNX stands for 'an innovative company capable of responding to rapidly changing financial environments.' It embodies the meanings of Digital·Decoupling, New·Network, and eXperience·Transformation.

Based on SBJ Bank's decade-long experience in stably operating the banking system 'ITER,' SBJ DNX plans to strengthen ICT development competitiveness and promote new digital and ICT-related businesses in the rapidly digitizing Japanese market.

Through its 'Digital Company' strategy, SBJ Bank operates digital services in partnership with various businesses, including Japan's largest social networking service (SNS) platform, Line. It is expanding digital businesses such as non-face-to-face deposit, loan, and foreign exchange services based on mobile applications.

A Shinhan Bank official stated, "SBJ Bank has continuously challenged digital and ICT-related businesses in the Japanese financial market," adding, "Through the establishment of SBJ DNX, we plan to discover new business models based on the digital and ICT competitiveness of Shinhan Bank and SBJ Bank in the Japanese financial market."

This content was produced with the assistance of AI translation services.