KakaoBank and FnGuide Join Forces to Develop AI for Reading and Writing Financial Content

Ahn Hyun-chul, Chief Research and Development Officer at KakaoBank (right), and Lee Kyung-woo, Head of Digital Innovation Division at FnGuide (left)

[Asia Economy Reporter Buaeri] KakaoBank announced on the 27th that it has signed a 'Memorandum of Understanding (MOU) for Joint Research on Developing a Natural Language Processing Model Specialized in the Financial Sector' with FnGuide.

The two companies plan to utilize their big data and analytical capabilities to provide customized information to financial consumers.

Through this agreement, KakaoBank and FnGuide will jointly develop a language model specialized in the financial sector. They plan to analyze financial content such as securities firm reports, corporate disclosure materials, and financial economic news, and reproduce it as customized content.

They intend to gradually expand the application areas of the technology to contribute to the advancement of AI (artificial intelligence)-based financial technology.

A KakaoBank official stated, "Through this joint research, we will be able to better understand vast financial data," adding, "We expect it to be utilized not only for advancing AI services and producing customized content but also in various service sectors linked to finance."

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