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KB Kookmin Bank teams up with SAP Korea on embedded finance to expand corporate banking

KB Kookmin Bank will work with SAP Korea to build embedded finance services that allow companies to handle financial tasks within enterprise resource planning systems. The bank said it signed a memorandum of understanding with SAP Korea in Seoul to jointly create an ERP embedded finance ecosystem. The partners plan to strengthen links with transaction banking to support corporate cash management and financial transactions. They also plan joint marketing to attract new corporate customers.