Woori Bank Establishes AI-Based Market Prediction System

[Asia Economy Reporter Kim Hyo-jin] Woori Bank announced on the 18th that it will build a system that predicts future markets and manages asset allocation strategies and products through various market indices and economic indicators using AI.

The newly established system will handle the entire asset management process with the help of AI, including ▲market outlook analysis ▲asset allocation ▲portfolio composition ▲product evaluation and selection ▲product rebalancing, quickly and accurately.

The bank plans to utilize the ‘AI Service Hub,’ an AI platform built last November for AI development, operation, and advancement. By accumulating data and learning, the system will enhance the usability of the market prediction system through the technical characteristics of AI that improve performance and value.

Woori Bank aims to complete the system construction by July next year and plans to expand customer services by integrating the AI-based market prediction system into ‘Woori WON Banking’ in the future.

A Woori Bank official stated, “The core is the collaboration between machines and humans, where numerous data necessary for market analysis are automatically optimized, and required information is reviewed in a timely manner,” adding, “We will strive to provide better services to customers through Woori Bank’s AI technology.”

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