Shinhan Bank to Suspend Financial Transactions from 0 to 12 on the 5th of Next Month for "Banking System Improvement"

Part of 'The Next' Project Providing Next-Generation Platform

[Asia Economy Reporter Yoo Je-hoon] Shinhan Bank announced on the 28th that it will temporarily suspend financial services for about 12 hours starting from midnight on the 5th of next month due to a banking system upgrade to provide a next-generation financial platform.

During the upgrade period, all transactions using Shinhan Bank accounts and systems will be temporarily suspended. The services that will be temporarily unavailable include all transactions involving Shinhan Bank accounts from other financial institutions, mobile banking, purchases and cash withdrawals using check cards and debit cards, transactions at financial automation machines (ATMs), Shinhan Bank account transactions through other banks' ATMs and affiliated CD machines, card-related services, issuance and cancellation of Shinhan certificates, and all other transactions.

However, credit card transactions, accident report submissions, and airport currency exchange services will remain available as usual.

This banking system upgrade by Shinhan Bank is a foundational step toward transitioning to a cloud environment and is part of the 'The NEXT' project, which aims to provide a next-generation platform. Shinhan Bank plans to open the first phase of The NEXT in October and completely revamp Shinhan SOL to introduce a future-oriented platform.

A Shinhan Bank official stated, "We ask for customers' understanding regarding the inconvenience caused by the temporary suspension of financial transactions, and we urge customers to prepare the necessary cash before March 5th during the upgrade period." He added, "Through this banking system upgrade, we will provide more convenient and secure services for our customers."

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