IBK, KAIST Sign Business Agreement for AI Service Development

Business Agreement Signed for Developing Trusted AI Financial Services

[Asia Economy Reporter Park Sun-mi] IBK Industrial Bank announced on the 25th that it has signed a "Business Agreement for the Development of Trusted Artificial Intelligence (AI) Financial Services" with KAIST at the IBK Finance Center.

Through this agreement, the two institutions plan to collaborate on ▲ research of fundamental AI technologies for finance ▲ development of trusted financial services based on core AI technologies ▲ support for IBK's mid- to long-term AI technology research and promotion of professional talent development, aiming to introduce the latest technologies and transition to AI finance.

As an initial collaborative task, the two institutions will jointly research by combining IBK's corporate prediction models with explainable AI technology to provide accurate predictions and objective explanatory information about companies to the sales field.

An IBK Industrial Bank official stated, "Through this agreement, we will achieve innovation in digital finance by launching AI financial services that customers can trust, leveraging the synergy between top AI technology and financial practice."

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