[South Korea's Choice Financial newspaper reporter] Shinhan Bank said 22 days has launched a global cache pooling (Cash Pooling) services that local companies can integrate the management of corporate funds established in overseas.
By leveraging a shared cache pooling inter-company borrowing entity is funding available and with low interest rates, deposit corporation means the fund management techniques to the funds with high interest rates.
Meanwhile cache pooling service was only available to customers of the bank leading global financial structure, corporate financial accounting processes, laws and institutions overseas, such as complex elements digitized system.
Shinhan Bank plans to continue expanding the local personalized service for domestic companies operating abroad in 20 countries leveraging a network of 150 pieces of Shinhan Bank followed to the launch of services to the Chinese market this corporation.
Shinhan Bank official said, "Due to the complicated local laws and institutions were to launch this service for customers experiencing financial management difficulties between foreign present, branches and subsidiaries of domestic companies, said" Domestic banks did not advance to the global fund management market we continue to focus on the global and digital competence nagagetda "he said.
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