KB Kookmin Bank Builds AI for Automated Corporate Loan Screening

[Asia Economy Reporter Bu Aeri] KB Kookmin Bank announced on the 1st that it has introduced the 'Corporate Credit Automatic Screening Support System (Bics)' which applies artificial intelligence (AI) technology.

'Bics' is a system that provides corporate credit officers with system judgment results for loans with low credit risk by utilizing various non-financial information including financial information and alternative information.

'Bics' also includes a function to select companies expected to grow into excellent enterprises in the future. In addition, it was built to allow models to be developed periodically every year using the latest data to respond to economic fluctuations.

For cases where ‘Bics’ is executed, a report reflecting the company overview, financial status and analysis opinions, and system judgment results is automatically created and provided to corporate credit officers.

A KB Kookmin Bank official said, "'Bics' introduction has created an environment where efficient system operation and rapid credit screening are possible," adding, "We will strive to ensure swift and smooth financial support through a more sophisticated automatic screening system."

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