From ERP Platforms to Corporate Banking... Shinhan Bank Signs MOU with iQuest

Shinhan Bank announced on July 10 that it has signed a business agreement with iQuest, a provider of corporate informatization solutions such as "Eolmaeyo ERP," to offer the "Bank-in platform service within ERP." This service allows corporate clients to access various financial functions?including account inquiries, payroll transfers, and viewing corporate card transaction details from all card companies?directly from external platforms without having to log in to the bank's corporate banking system.

Shinhan Bank and iQuest signed a business agreement on the 9th to provide 'Bank-in platform service within ERP' and are taking a commemorative photo. (From left) Seongik Jeon, Head of Digital Solutions Division at Shinhan Bank, Sunmo Kim, CEO of iQuest. Provided by Shinhan Bank.

According to the agreement signed the previous day at iQuest's headquarters in Guro-gu, Seoul, Shinhan Bank will provide corporate financial services through iQuest's "Eolmaeyo ERP" platform. iQuest has approximately 200,000 corporate partners using platforms such as "Eolmaeyo ERP" and "AIEolmagyeongri." The two companies have also agreed to collaborate on joint marketing efforts to strengthen their platform competitiveness.

With this agreement, the platforms offering Shinhan Bank's Bank-in service have expanded to include both Finger's "Pharos ERP" and iQuest's "Eolmaeyo ERP." Shinhan Bank plans to further broaden its partnerships with a variety of platforms, including apartment management offices, customs corporations, and logistics companies.

A Shinhan Bank representative stated, "Through this agreement with iQuest, we will enhance convenience for corporate banking clients and continuously upgrade our Bank-in platform service," adding, "We are committed to integrating the latest technologies and applying them to financial services to create new value for our customers."