Korean-based bank HanaBank has announced it has chosen to use Sterling Commere’s Gentran Integration Suite (GIS) for its electronic Letter of Credit (eLC) System. HanaBank is one of the first five domestic financial institutions to use electronic Letters of Credit. Gentran Integration Suite, with its e-business integration platform, is intended to enable more efficient multi-enterprise collaboration to streamline business processes. Working with partner CoreBank Co., a specialized financial solution provider, GIS enabled HanaBank to build eLC systems to better handle communications and authentication in and out of the bank. “Gentran Integration Suite has enabled us to track end-to-end collaboration processes as well as manage sensitive business data over the eLC system more securely,” commented Han Sangkyun, team leader of the foreign exchange team at HanaBank’s computation information center.
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