SAP Korea, KB Kookmin Bank to Cooperate on SaaS Commercialization and Corporate Banking Innovation
TECHWORLD ·
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SAP Korea signed an MOU with KB Kookmin Bank on the 18th for cooperation on SaaS commercialization and next-generation corporate banking services.
The two companies will pursue cooperation in developing new SAP BTP-based SaaS products, linking ERP systems with bank services, and jointly identifying high-quality corporate customers.
They also plan to jointly pursue an ERP-linked embedded finance ecosystem by combining SAP's technological capabilities with KB Kookmin Bank's corporate banking know-how.
SAP Korea signed an MOU with KB Kookmin Bank on the 18th for cooperation on SaaS commercialization and next-generation corporate banking services. The agreement provides a framework for the two companies to pursue development of new SaaS products based on SAP Business Technology Platform(SAP BTP) and to cooperate on innovation in corporate banking services.
As the first area of cooperation, the two companies will pursue plans to integrate third-party solutions based on SAP BTP and commercialize SaaS products in a White-label format. As a second area of cooperation, they will work together to connect ERP systems with bank services and pursue an 'Invisible Banking' service that allows corporate customers to use financial services without separate recognition or procedures.
In addition, as a third area of cooperation, the two companies plan to pursue a Go-to-Market strategy that uses both companies' infrastructure and sales networks to jointly identify high-quality corporate customers.
The two companies plan to combine SAP's technological capabilities with KB Kookmin Bank's corporate banking know-how to jointly pursue an ERP-linked embedded finance ecosystem for corporate customers, and to build a long-term, sustainable cooperation model based on that.
SAP Korea said it has proven technological capabilities that have long met the high security standards required by the financial sector, and said it will continue close technical cooperation with KB Kookmin Bank to enhance the convenience and safety of financial services within corporate customers' ERP environments.
KB Kookmin Bank said both companies are already delivering top-level results in their respective areas, and said it will use this agreement as an opportunity to combine SAP's ERP competitiveness with KB Kookmin Bank's financial capabilities to provide corporate customers with a new embedded finance ecosystem. It also said it plans to continue expanding the provision of innovative embedded finance services for ERP-using corporate customers through bank-to-bank alliances with SAP.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=407201
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Source: TECHWORLD
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