KB Kookmin Bank, SAP Korea expand push for next-generation corporate finance
KB Kookmin Bank and SAP Korea are joining forces to weave banking services directly into corporate software, betting that businesses will increasingly handle payments and cash management without leaving their enterprise systems. SAP Korea said Monday that it signed a memorandum of understanding with KB Kookmin Bank on Friday to develop software-as-a-service (SaaS) products and next-generation…
KB Kookmin Bank and SAP Korea have announced a partnership to integrate banking services into corporate software. The collaboration, signed on Friday, aims to develop software-as-a-service (SaaS) products and next-generation corporate banking solutions. The partnership will concentrate on three key areas: creating new SaaS offerings built on SAP Business Technology Platform through integration with third-party solutions; connecting enterprise resource planning systems with banking services to enable corporate customers to access financial services without separate procedures; and pursuing joint go-to-market strategies to identify corporate customers and expand their services.
The goal is to establish an embedded finance ecosystem that seamlessly incorporates banking services within enterprise systems.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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