Kookmin Bank Partners with Startup Upstage to Jointly Develop Core AI Technologies
Joint Development of Core Technologies to Lead AI Technology
[Asia Economy Reporter Sunmi Park] KB Kookmin Bank announced on the 29th that it has signed a strategic partnership with AI startup Upstage to build AI technology specialized in finance.
Yoon Jinsoo, Vice President of KB Kookmin Bank's Tech Group, and Kim Seonghoon, CEO of Upstage, promised overall cooperation leveraging the core competencies of both companies through a non-face-to-face meeting at their respective headquarters.
The two companies plan to jointly develop advanced AI technologies such as AI virtual consultation services for KB Kookmin Bank's AI transformation. The main contents of the business agreement include ▲ Diagnosis of KB Kookmin Bank's current AI status ▲ Internalization of finance-specialized OCR (Optical Character Recognition), STT (Speech-to-Text), and TTS (Text-to-Speech) technologies ▲ Development of AI technology engines specialized for KB Kookmin Bank ▲ Designing a mid- to long-term AI technology blueprint for KB Kookmin Bank.
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A KB Kookmin Bank official stated, "Through this strategic partnership, we will independently develop AI technology specialized in finance to accelerate the transition to AI finance," adding, "In the future, we plan to build an independent AI roadmap with Upstage to advance specialized AI technology." Kim Seonghoon, CEO of Upstage, said, "As AI and non-face-to-face transformation in the financial sector accelerate, we will work together to advance KB Kookmin Bank's AI technology based on Upstage's high level of AI expertise."
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