Aupinit and Seoul National University to Jointly Develop AI Financial Framework

Joining Forces to Expand Financial Inclusion and Business Sustainability in Developing Countries

On November 10, artificial intelligence (AI) financial company Aupinit announced that it will jointly develop an "AI-based financial framework" with Professor Sanghak Lee of the Graduate School of Data Science at Seoul National University to enhance financial inclusion in developing countries.

Aupinit plans to combine its on-the-ground experience of more than 10 years in global markets such as India with Seoul National University's leading research capabilities to develop an AI-based financial framework tailored for high-growth financial markets.

Auffinit's Director of Business Strategy Seongjun Jo (left) and Professor Sanghak Lee of Seoul National University Graduate School of Data Science are taking a commemorative photo. Auffinit

The purpose of this collaboration is to establish a foundation for continuously providing optimized, customized financial services to segments in developing countries that have traditionally faced difficulties accessing financial services, by integrating AI and data technologies. The AI financial policy optimization and risk management engine, jointly developed by Aupinit and Seoul National University, will utilize machine learning to reflect real-time changes in local macroeconomic conditions, customer behavior patterns, and the volatility of various financial product groups. This approach aims to improve the quality and reliability of financial services, reduce risks such as delinquency rates, and, in the long term, enhance the sustainability and profitability of these services.

Seongjun Jo, Director of Business Strategy at Aupinit, stated, "The Aupinit AI financial platform goes beyond simply brokering or recommending financial products. It plays a social role by lowering service access barriers for the financially underserved and increasing customer trust. To sustain this social role, profitability must also grow steadily. Through this joint research with Seoul National University, we aim to create a technological foundation that will improve our business margins while enabling us to provide our financial platform to more countries."

Professor Sanghak Lee of the Graduate School of Data Science at Seoul National University commented, "Through this research, we plan to develop algorithms and analytical tools that can achieve both policy stability and efficiency, even amid rapid economic volatility in developing countries. By collaborating with Aupinit, we hope to help create a financial service platform in Korea that is used by people around the world."

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