Shinhan Bank Offers Additional Encryption Features for Corporate Clients

'Privacy Safe' Feature Introduced
to Integrated Cash Management Platform for Corporate Clients

Shinhan Bank announced on the 18th that it has introduced an additional encryption feature called 'Privacy Safe' to its integrated cash management platform for corporate clients, 'Inside Bank'.

Shinhan Inside Bank is a platform that provides corporate clients with services such as internet banking, corporate card management, and electronic tax invoice purchase and sales inquiries, all through non-face-to-face channels. Shinhan Bank has already implemented encryption services for core information such as passwords, and with this new service, customers can additionally encrypt selectively registered account and card numbers, corporate contact information, and email addresses.

Corporate clients can strengthen their security level by choosing from three encryption modules: 'AES-256', which offers high global compatibility; 'ARIA', the standard for domestic public institutions; and 'SEED', which is lightweight and can be optimized for specific needs.

A Shinhan Bank representative stated, "As digital-based corporate cash management systems become more advanced, the importance of protecting internal corporate information continues to grow," and added, "We will continue to enhance customer financial convenience and security by internalizing the latest digital technologies such as artificial intelligence (AI) and cloud computing, and integrating them with financial services."