25 March 2016

Case Study: Shinhan Bank implements SWIFT for Corporates to support global and Korean companies with an eye on expansion

Shinhan Bank is one of Korea’s leading banks. It supports foreign global corporates in Korea who need to process Korean Won payments locally, as well as local corporates seeking confirmation of treasury transactions.

Shinhan Bank is one of Korea’s leading banks. It supports foreign global corporates in Korea who need to process Korean Won payments locally, as well as local corporates seeking confirmation of treasury transactions. It also has an ambitious global expansion plan, opening overseas branches to provide local currency payment processing and reporting services for Korean global corporate subsidiaries operating in those markets.

Supporting corporates in Asia with banking relationships

In recent years, the strength of Asia’s economy has seen many of Shinhan’s local corporate clients enjoy impressive growth. But as these corporates expand, so do the treasury challenges that come along with that. Growing networks of banking relationships and a proliferation of different electronic banking systems and file formats have led corporates to require multiple banking connections, while restricting treasurers’ visibility of global cash pools.

Read the full case study to find out how Shinhan Bank addressed the challenges and offer clients access to a standardised, global payments platform.