Pint, Solidifying Industry Leadership Through Service Diversification

December & Company announced on the 14th that it will actively pursue expanding the base of artificial intelligence (AI) investment and leap forward as a hub for financial investment services.

Fint, which launched Korea's first AI discretionary investment service in 2019, has solidified its position as the industry’s top service by offering a variety of options such as ETFs, stocks, bonds, and pensions tailored to segmented investment demands. Recently, amid domestic and international uncertainties making market predictions difficult, demand for asset management using easy and convenient robo-advisors (RA) has been increasing.

At the end of last year, the Financial Services Commission newly designated retirement pension RA discretionary services as innovative financial services. December has partnered with KB Kookmin Bank, IBK Industrial Bank, NH Nonghyup Bank, Mirae Asset Securities, NH Investment & Securities, Samsung Securities, Shinhan Securities, KB Securities, Hana Securities, and Korea Investment & Securities. Among RA providers, it has formed partnerships with the most financial institutions for retirement pension discretionary business and has begun preparing services. Based on experience in launching and managing public fund-based investment products, the company aims to secure a competitive advantage.

They will focus on advancing retirement pension IRP advisory services and developing new investment algorithms utilizing various AI technologies. The plan is to strategically and systematically expand comprehensive investment services so that all financial investment services can be conducted through Fint.

Last year, Fint strengthened its investment strategy lineup to provide customers with a simple and efficient investment experience. Following existing pension savings discretionary services, U.S. and Korean stock investments, and parking investments, it introduced monthly dividend investments and U.S. dividend stock investments. Targeting investors who want to invest directly in specific sectors or stocks, it also launched an investment advisory service called ‘Theme Investment.’ Recognized for its outstanding technology and growth potential, Fint was the only fintech company in the RA industry to be named in the Financial Services Commission’s ‘K-Fintech 30’ last year.

Fint also maintains the number one market share in the domestic RA market. According to the Koscom RA Testbed data as of the end of December, December & Company (Fint)’s discretionary investment amount (AUM) was recorded at 219.6 billion KRW, accounting for 64% of the total 344.9 billion KRW managed by RA discretionary firms that passed the testbed. The total number of contract holders is 161,707, of which approximately 80%, or 129,665, use Fint’s services. By maintaining stable returns through technology development and service advancement, it has attracted active investments from customers. In fact, among customers who have managed assets with Fint for more than three years, 97.2% of accounts are profitable.

Song In-seong, CEO of December & Company, said, "These days, with various variables making it difficult to easily judge market trends, the number of investors who resonate with Fint’s service philosophy of ‘Invest. Easily. Automatically.’ is increasing." He added, "This year, starting with establishing a foothold in the retirement pension RA discretionary investment market, we will make every effort to innovate services so that all asset management can be done through Fint alone."

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