SKT-Quantit Join Hands to Supply AI-Based Financial Asset Management Content

SK Telecom announced on the 20th that it has signed an MOU with AI fintech company Quantit to mutually cooperate in the field of financial asset management content services.

Under the agreement, Quantit plans to introduce services such as 'Global Economic Keywords' and 'AI Global Financial Signals,' which can forecast risks in the global financial market, within the 'MyData' section of SKT's identity verification service PASS app.

'Global Economic Keywords' are selected by analyzing keywords on the internet, including news and social media (SNS) comments, that are highly correlated with domestic and global economic trends, based on AI and big data. Additionally, 'AI Global Financial Signals' assess the economic situation in three stages?Normal, Caution, and Risk?and provide this information along with graphics.

Users can utilize asset management services analyzed through AI and big data to understand investor sentiment and receive assistance in detecting market crises. The service is available for free upon subscribing to MyData within the PASS app.

Quantit developed a 'Natural Language Processing-based Early Warning System (EWS)' that analyzes information from online and SNS sources to assess market conditions, and was selected as an innovative technology by the Ministry of SMEs and Startups last year.

SKT obtained the full license for MyData (personal credit information management business) in July last year and is currently operating MyData services within the PASS app, its identity verification service. It offers integrated asset inquiry functions, multidimensional financial health diagnosis and coaching services using 19 financial indicators, and a feed service that delivers necessary information and knowledge to customers in quiz format.

SKT plans to further develop MyData services into lifestyle-oriented personalized services that provide new value to customers through convergence across telecommunications, finance, and other sectors.

Jang Hongseong, head of SKT AdTech CO, said, "The collaboration between SK Telecom and Quantit on MyData service content is expected to build a win-win partnership, creating a progressive relationship in the financial AI sector based on the competitiveness of both companies."

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