Shinhan Bank acquired a 1.97% stake worth USD 61.4 million in Douzone Bizon for a strategic partnership, which would allow the lender to utilise the ICT solutions firm’s corporate accounting and ecommerce data.
According to Shinhan, the platform would allow businesses to handle financing and even accounting without visiting a brick-and-mortar branch, making ‘banking as a service’ available for the firms.
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