Search results for ERP banking
Finance
Jeju Bank joins pilot AI-based credit scoring model for small merchants
Jeju Bank said on April 14 it will take part in a Financial Services Commission pilot programme for an AI-based credit scoring model tailored to small merchants. It said it is the only regional bank among seven participating lenders. The commission plans to complete rule changes and system development by August and begin SCB-based loan screening with pilot operators, with plans to expand participation across the financial sector.
Finance
Jeju Bank unveils \'DJ Bank\'; Shinhan chair says ERP banking can help surpass regional bank limits
Jeju Bank unveiled the first solutions for its digital corporate finance brand, DJ Bank, on Wednesday at Thezoin Eulji Tower in central Seoul. The event presented the basis for an ERP-banking business alongside the brand’s launch. The solutions include an alternative credit evaluation model, a corporate parking account product, loans to support AX solutions and an ERP-linked receivables-backed loan. Shinhan Financial Group Chairman Jin Ok-dong said ERP banking is a new corporate finance model.
AI & Enterprise
Douzone Bizon, Shinhan Bank sign deal on Bank-In platform linking ERP with finance
Douzone Bizon said it signed an MOU with Shinhan Bank to build a Bank-In platform that connects its ERP with the bank’s CMS API. The companies aim to target the embedded finance market by enabling users to handle inquiries, transfers and foreign exchange directly inside the ERP. Douzone Bizon plans to strengthen its ERP-based corporate finance ecosystem, while Shinhan Bank seeks new corporate customers and a stronger position in the BaaS-based corporate finance platform market.