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| Shinhan Financial Group Chairman Cho Yong-byoung, left, shake hands with Visa Chairman and CEO Alfred Kelly Jr. on Oct. 17 at the headquarters of Visa in San Francisco, U.S., after signing a strategic partnership on data and global business. Courtesy of Shinhan Financial Group |
By Anna J. Park
Shinhan Financial Group and Visa have decided to join hands to cooperate in the area of data utilization and global business.
According to the financial giant Sunday, Shihan Financial and Visa agreed to form strategic partnership on data and global business, as the two groups' leaders ― Shinhan Financial Group Cho Yong-byoung and Visa Chairman and CEO Alfred Kelly Jr. ― met in mid-October at the headquarters of Visa in San Francisco, U.S., to sign the partnership deal.
With the partnership, Shinhan Financial plans to utilize Visa's global data in developing its new products and services.
"Shinhan Financial Group is conducting product and service development and various marketing activities based on data information. We aim to achieve the two companies' mutual growth, as we cooperate on accumulated data and global networks," Shinhan Financial chief Cho Yong-byoung said.
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