Duzon Bizon and Shinhan Bank Launch 'Corporate Digital Financial Products'

[Asia Economy Reporter Hyunseok Yoo] Duzon Bizon announced on the 8th that it launched the corporate digital financial product ‘Duzon x Shinhan SolBiz Corporate Account’ on the 5th as the first collaboration case after attracting Shinhan Bank as a strategic investor.

‘Duzon x Shinhan SolBiz Corporate Account’ integrates Shinhan Bank’s financial solutions and services into Duzon Bizon’s corporate platform, signifying a practical BaaS (Banking as a Service) model jointly introduced through close cooperation between the two companies.

In fact, this product is an innovative financial product specialized for Duzon customers who subscribe through the Duzon ERP program. It enables non-face-to-face verification of a company’s normal transaction status using ERP information and allows immediate account opening. This eliminates the inconvenience that general companies had to undergo at least three months of transactions and prepare supporting documents to prevent illegal use when opening their first account.

In addition to fee exemption benefits, the removal of the limit-restricted account enhances corporate financial convenience significantly. Until now, general companies have experienced considerable inconvenience due to withdrawal and transfer limits applied within a fixed amount when opening new accounts.

Revolutionary financial services will also be additionally provided. An automated payment confirmation service is being prepared to eliminate the hassle of manual reconciliation by accounting staff. It is evaluated as the first convergence model linking electronic tax invoices within ERP and the bank’s account services.

The two companies plan to continuously launch convergence models that maximize customer convenience and benefits, such as BaaS-type corporate specialized credit products and services for employees.

A Duzon Bizon official said, “After internalizing Shinhan Bank’s strong financial service capabilities with Duzon Bizon’s ICT capabilities, the corporate-dedicated digital financial platform is gradually taking shape,” adding, “We will continue mutual efforts to create an innovative digital financial ecosystem for companies.”

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