Korea's Shinhan Bank Significantly Enhances Global B2B Integration Capabilities With GXS Managed Ser

Banking Division of Shinhan Financial Group Adopts Industry-LeadingB2B Outsourcing Solution to Facilitate Global Cash Management ServicesSEOUL, South Korea and GAITHERSBURG, Md., July 9
/PRNewswire-FirstCall/ -- GXS, a leading provider of
business-to-business (B2B) e-commerce solutions, today announced that
Korea's Shinhan Bank, a member of Shinhan Financial Group , has
selected GXS Managed Services to support the rollout of its Global Cash
Management Services. Already a leader in the Korean market, Shinhan
Bank is expanding overseas and opening branches across the globe. As
the world's largest provider of B2B e-commerce and integration
services worldwide, GXS is enabling Shinhan Bank to establish global B2B
capabilities quickly and cost-effectively through its deployment of
GXS' leading B2B outsourcing solution, GXS Managed Services. GXS
Managed Services is facilitating Shinhan Bank's integration with
its multinational clients and banking partners around the world using
local e-commerce standards, while also satisfying country-specific
banking regulations.

GXS Managed Services offer financial institutions best-in-class B2B
integration capabilities including corporate enterprise resource
planning (ERP) integration, file and message transfer, new client
implementations and map design and development. GXS Managed Services
will enable Shinhan Bank to offer its customers new services such as
global cash management and supply chain finance. Additionally, Shinhan
Bank will be able to integrate with their corporate clients'
purchasing and logistics applications to receive copies of supply chain
documents including purchase orders, bills of lading and commercial
invoices. The supply chain data will be used by Shinhan Bank to power a
new suite of supply chain finance services including pre-export http://Allison-Banks.blogtur.com - Allison Banks - and
post-export financing for small-to-medium-sized business (SMB)

"Korean conglomerates continue to expand into internationalmarkets including the United States, Europe and China to capitalize on the tremendous business opportunities these regions represent. To besuccessful in their expansion efforts, Korean multinationals must havecommand and control of their treasury and cash management processes on aglobal scale," said Kang Shin-Seong, deputy president of ShinhanBank's Treasury and Global Banking Group. "GXS ManagedServices provide a key component of our Global Cash Management Servicesthat will enable us to meet local B2B integration requirements forbusinesses around the globe. This is a major competitive advantage thatwill increase flexibility and accelerate time to market."A bank's ability to provide comprehensive and simple
integration options to its corporate clients can be a distinct
differentiator in the highly- competitive wholesale banking industry.
According to the Tower Group(1), "Banks of all sizes find it
difficult and expensive to support today's rapidly evolving
technology and proliferating standards." The report went on to
say, "Providing connectivity to clients is not in itself a
differentiator, but making integration easier and less costly to
implement and maintain can spell success in managing the complexity of
wholesale banking relationships."

Outsourcing B2B to GXS enables financial institutions to extend the
flexibility of their business models. Banks can seamlessly integrate
with corporate clients' ERP systems whether they are running SAP,
Oracle or Microsoft applications. Not only does the flexibility enhance
the competitiveness of a bank's cash management portfolio in sales
opportunities, but client delivery and service quality are improved as
well. GXS' best-in- class map development and new client
on-boarding services accelerate implementation time and quality.
Additionally, enhanced B2B integration capabilities can accelerate new
product development. By eliminating technology barriers associated with
corporate client integration that can often delay new service offerings,
GXS can enable financial institutions to beat competition to market.

"Through the introduction of its Global Cash Management
Services, Shinhan Bank is truly demonstrating its ability to innovate
and compete in the global market. Many banking services have become
commodities with little differentiation between the offerings of one
bank and another's," said Raymond Teh, GXS vice president of
Asia-Pacific operations. "By leveraging best-in- class B2B
integration solutions, Shinhan Bank is distinguishing itself from its
competition and providing customers with compelling reasons -- ERP
integration and global B2B capabilities -- to choose and stay with
Shinhan Bank for global cash management."

As part of its Managed Services offering, GXS provides the people,
processes and technology to perform all day-to-day management of an
organization's global B2B operations. Organizations that deploy
GXS Managed Services are empowered to free up internal resources to
focus on core business objectives, reduce costs and fill gaps in a
customer's internal expertise. Companies currently using GXS
Managed Services around the world include Avago Technologies, Bank of
Montreal, BB&T, Eight O'Clock Coffee, Exel, InterTAN, Miller
Brewing Company, PepsiAmericas, National Instruments, Royal Bank of
Canada and Thomson Consumer Electronics. GXS Managed Services leverages
GXS Trading Grid(R) to provide customers with world-class B2B program
management. GXS Trading Grid is a global B2B e-commerce and integration
platform that supports the creation and adoption of on-demand supply
chain management solutions for companies of any size.

About Shinhan Bank

Shinhan Financial Group Co. Ltd. is Korea's first financial
holding company that delivers comprehensive financial solutions through
a powerful One-Portal network. Shinhan offer quality financial products
and services in commercial banking, corporate banking, credit card,
private banking, asset management, investment banking, brokerage and
insurance services. Shinhan serve more than 10 million active customers
with 15,000 employees and 1,000 network branches nationwide. The
company has 29 offices in nine countries, including the U.S., the U.K.,
Japan, China, Germany, India, Hong Kong, Vietnam and Singapore.

About GXS

GXS is a leading global provider of B2B e-commerce solutions that
simplify and enhance business process integration, synchronization and
collaboration among trading partners. Organizations worldwide,
including 75 percent of the Fortune 500, leverage the GXS Trading
Grid(R) to extend supply networks, optimize product launches, automate
warehouse receiving, manage electronic payments and gain supply chain
visibility. With an unmatched global presence, proven trading partner
management and B2B outsourcing services, GXS' on-demand solutions
maximize the benefits of integration for businesses.

Based in Gaithersburg, Md., GXS' extensive global network
serves customers throughout the Americas, Europe and Asia Pacific
regions. GXS can be found on the Web at http://www.gxs.com/.

(1) Tower Group "B2Bank Integration: A New Acronym for the
Changing E- Commerce Landscape," by Susan Feinberg, October 2006.

Available Topic Expert(s): For information on the listed expert(s),
click appropriate link. Steve Keifer

CONTACT: Allison Tobin, Global Media Relations, +1-301-340-4988,
Allison.tobin@gxs.com, or Jane Cheng, Asia-Pacific Marketing, +852 2884
6029, jane.cheng@gxs.com, both of GXS

Web site: http://www.gxs.com/

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