IBK Bank is expanding its digital financial services to support small businesses in managing transactions and client relationships.
On August 5, the bank announced enhancements to its 'IBK Transaction One-Stop' service and the launch of a new 'Cretap Corporate Information Briefing' service.
The IBK Transaction One-Stop service allows businesses to handle various transaction tasks, including preparing estimates, signing contracts, collecting payments, and managing purchases and sales, all on a single platform.
The recent updates include features for free issuance of tax invoices and payment collection using virtual accounts. Users can also create estimates and electronic contracts, as well as manage card, note, and receivable issuance, along with automatic management of receivables and payables.
The Cretap Corporate Information Briefing service enables users to check the credit status of their clients. Through corporate internet banking and smart banking, businesses can access credit ratings and financial information of their clients up to twice a month for free.
Additionally, the service offers an AI-based risk detection feature that allows businesses to monitor changes in client creditworthiness and assess potential risks such as payment delays or defaults.
An IBK Bank official stated, "We have strengthened digital services necessary for business operations, from transaction tasks to client information inquiries, and we will expand financial support to facilitate the digital transformation and reduce cost burdens for small businesses."
* This article has been translated by AI.
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