Shinhan Financial Group and Visa Establish Strategic Partnership for 'Data Collaboration'

"Promoting Various Collaborations Including Digital New Business Discovery"

Shin Yong-byeong, Chairman of Shinhan Financial Group (left in the photo), and Al Kelly, Chairman of Visa, are posing for a commemorative photo.

[Asia Economy Reporter Buaeri] Shinhan Financial Group announced on the 6th that it will establish a 'strategic partnership on data and global business' with Visa.

Shin Yong-byeong, Chairman of Shinhan Financial Group, and Al Kelly, Chairman of Visa, signed this partnership agreement last month on the 17th at Visa headquarters located in San Francisco, USA.

Shinhan Financial plans to utilize Visa's global data for the development of new products and services within the group companies, and also collaborate on new technology training for data analysis.

Shinhan Financial will form a 'working group' involving major group companies and relevant departments of Visa to collaborate and produce tangible results starting next year.

Shin Yong-byeong, Chairman of Shinhan Financial Group, said, "Shinhan Financial is conducting product and service development and various marketing activities based on data," adding, "We will strive to grow together by collaborating based on the accumulated data and global network of both companies."

Al Kelly, Chairman and CEO of Visa, stated, "Through the strategic alliance between Visa and Shinhan Financial Group, the two companies will be able to cooperate more closely to develop new digital products and services."

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