Naver Cloud introduced on Dec. 26 that it has signed a memorandum of understanding (MOU) with JB Monetary Group, together with Gwangju Financial institution, Jeonbuk Financial institution, and JB Woori Capital, for monetary service innovation based mostly on synthetic intelligence (AI) expertise.
Naver Cloud and JB Monetary Group will collaborate in discovering AI-based monetary innovation tasks utilizing Naver Cloud’s hyperscale AI HyperCLOVA X and AICC, advancing cutting-edge IT applied sciences, and collectively creating AI analysis and specialised fashions for the monetary sector.
By this collaboration, JB Group will systematically evaluate methods to make the most of AI throughout general monetary operations, from company lending session to screening and post-management. Utilizing HyperCLOVA X, the session stage will extract and standardize essential information from session data and varied paperwork. In the course of the screening course of, discussions will proceed within the path of AI summarizing and analyzing functions, monetary supplies, and transaction data to help screening selections. After screening completion, they plan to collectively develop AI utilization fashions that may improve the transparency and reliability of lending screening, corresponding to AI robotically producing approval resolution rationales.
Moreover, they plan to accentuate discussions on the utilization of huge language fashions (LLMs) centered on the company lending sector and, via long-term collaboration, specify expertise roadmaps and cooperation instructions to increase AI software to new monetary sectors.
A Naver Cloud official acknowledged, “We are going to proceed to advance AI applied sciences and providers tailor-made to the traits of the monetary business to contribute to the monetary sector’s digital innovation and operational effectivity enchancment.”
