Woori Bank Launches 'Market Prediction System' Utilizing Artificial Intelligence

Global Market Analysis and Customized Investment Strategy Proposals

[Asia Economy Reporter Jin-ho Kim] Woori Bank announced on the 12th that it will launch the ‘AI Market Prediction System,’ which utilizes artificial intelligence (AI) to predict key indicators of the global financial market, establish investment strategies, and manage products.

The ‘AI Market Prediction System’ analyzes various accumulated market and economic indicators from the past to forecast future markets. It analyzes various financial products and recommends products optimized for market trends, offering customers customized investment strategies.

In addition to stable risk management, the bank plans to integrate the ‘AI Market Prediction System’ into Woori One Banking to support customer asset returns and risk management.

Furthermore, through enhancing AI’s predictive performance, the system will be expanded to various banking tasks such as credit prediction and fraudulent loan detection.

The ‘AI Market Prediction System’ will also be utilized in collaboration with external organizations. First, Woori Asset Management, a subsidiary of Woori Financial Group, is reviewing the launch of a fund by referring to the investment strategies recommended by the ‘AI Market Prediction System.’

A Woori Bank official stated, “As AI provides new innovative momentum across banking operations, we will continue to offer innovative financial services for our customers.”

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