Search results for AI Native Bank
Finance
IBK chief Jang Min-young says inclusive finance needs lifecycle support, not just low-rate loans
IBK Industrial Bank of Korea outlined a new growth strategy focused on support for small and midsize firms, AI-driven digital transformation and stronger inclusive finance, CEO Jang Min-young (장민영) said. Jang said inclusive finance should go beyond providing low-interest loans and cover support across the full cycle, including helping vulnerable borrowers after funding and aiding recovery when problems arise. He also said the bank is reviewing issues in the current credit-rating system and other measures.
Finance
KakaoBank steps up AI and global expansion, adding payments, investments and stablecoins
KakaoBank said it will shift to an \"AI native bank\" model, using AI and global expansion as twin pillars to move beyond deposit-led growth into payments, investments and pensions. It plans new app sections for investments and payments and will roll out new card products in the second half. It will combine app-based data with a finance-focused large language model and expand conversational interfaces. KakaoBank also formalised plans to enter Mongolia and is reviewing issuance and distribution of a won-based stablecoin, subject to legal and regulatory changes.
Finance
KakaoBank AI service tops 3 million users 8 months after launch
KakaoBank said on Thursday its conversational AI service has exceeded 3 million cumulative users eight months after launch, adding more than 10,000 new users a day on average. It attributed the growth to an expanded lineup and better accessibility, including AI Search, an AI financial calculator, AI transfer and an AI group-account manager. AI Search has 2.65 million users, or about 88 percent of total AI-service users.