NH NongHyup Bank Enables Financial Services Directly from Corporate ERP Systems

NH Embedded Platform Launched
Account Inquiry and Payroll Transfers Now Available
Sequential Integration with Pharos and Stella Starting in December

NH NongHyup Bank announced on November 28 that it has launched the 'NH Embedded Platform,' which allows corporate clients to directly access key financial services from their ERP systems without the need for separate banking channels.

The 'NH Embedded Platform' provides API-based banking services to non-financial partner platforms such as ERP systems. This enables corporate clients to perform essential financial tasks-including account inquiries, fund transfers, and payroll transfers-directly from their existing systems without installing separate banking programs.

In particular, by linking data within the ERP system for bulk and payroll transfers, the platform significantly reduces the hassle of repeated manual data entry and the potential for input errors that often occurred in corporate settings. It also features an integrated cash management function, allowing companies to manage cash flows-including deposits and withdrawals across all financial institutions-on a single screen, thereby improving work efficiency and accuracy.

Starting in December, the platform will be sequentially applied to Finger's flagship ERP solutions, Pharos and Stella, as well as Daou Technology's DaouOffice. NH NongHyup Bank plans to expand partnerships with various ERP specialists and public institutions, enabling corporate clients to conveniently access the service.

An official from NH NongHyup Bank stated, "The NH Embedded Platform marks the starting point of our embedded finance strategy to expand corporate banking," adding, "We will actively broaden our collaborations with diverse partners so that corporate clients can conveniently access financial services anytime, anywhere."

This content was produced with the assistance of AI translation services.