Shinhan Bank Launches 'Duzon x Shinhan SolBiz Corporate Account'

[Asia Economy Reporter Kwangho Lee] Shinhan Bank announced on the 6th that it has launched a new product, 'Duzon x Shinhan SolBiz Corporate Account,' based on Banking as a Service (BaaS) in collaboration with Duzon Bizon.

The Duzon x Shinhan SolBiz Corporate Account is the first collaborative product since the strategic equity investment on September 23 and was launched through close cooperation between Shinhan Bank and Duzon Bizon.

The Duzon x Shinhan SolBiz Corporate Account can be newly opened non-face-to-face on Shinhan SolBiz by corporate customers using Duzon Bizon's Enterprise Resource Planning (ERP), and it can be used immediately as a normal account without any restrictions on limit usage applied to new non-face-to-face corporate accounts.

In practice, when a company opens an account non-face-to-face, it must have a certain period of business history and transaction proof documents to prevent illegal use such as ghost accounts and financial fraud, to enable normal transactions. However, this product recognizes companies as operating normally through non-face-to-face verification of ERP usage information from Duzon Bizon, allowing immediate use as a normal account.

Additionally, it offers benefits such as ▲100 free interbank transfer fees per month via corporate internet, mobile, and phone banking (limited to ARS) ▲waiver of cash withdrawal fees at Shinhan Bank automated machines ▲one-time waiver of cash card issuance fee.

To commemorate the launch of this product, Shinhan Bank is running an event until the 10th of next month, providing all customers who sign up for the Duzon x Shinhan SolBiz Corporate Account with one Starbucks Americano coupon, and additionally giving first-time Shinhan Bank customers and first-time electronic financial transfer customers one GS gas station gift certificate worth 10,000 KRW as a mobile voucher.

In particular, Duzon Bizon plans to provide an automated payment confirmation service for electronic tax invoices issued upon corporate sales and account deposit details to customers using the Duzon x Shinhan SolBiz Corporate Account.

A Shinhan Bank official said, "We prepared a quick product launch after the strategic equity investment to provide benefits to Duzon Bizon ERP transaction customers," adding, "We plan to launch BaaS-based corporate loan specialized products and services for employees within this year, and will continuously introduce converged products from both companies that maximize convenience and benefits from the customer's perspective."

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