Real-Time Monitoring of Local Regulatory Information... KB Bank Develops 'G-AI Studio'

Prospects for Easier Understanding of Local Regulations by Overseas Corporations

[Asia Economy Reporter Minwoo Lee] KB Kookmin Bank has developed a system that monitors changes in various laws and sanction cases in countries where it operates overseas in real time.

On the 16th, KB Kookmin Bank announced that it had independently developed a global audit information collection system called 'G-AI Studio (G-AI Studio: Global Audit Info Studio)'.

This is an audit information collection system based on 'unstructured text collection' that gathers information containing country-specific keywords and common keywords highly related to the financial industry from information published by overseas media, financial authorities, and other government agencies. Through this, KB Kookmin Bank secures real-time information on various legislative enactments, amendments, and sanction cases in countries where it has expanded overseas.

KB Kookmin Bank plans to utilize this system for proactive audit activities such as discovering audit points for overseas branches and preventing incidents.

A KB Kookmin Bank official stated, "With the establishment of this system, a foundation has been laid for timely response to changes in the global regulatory environment and proactive prevention of financial accidents," adding, "We will actively support local regulatory compliance of overseas branches based on a more advanced system."

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