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Finance

Bizplay builds electronic receipt system for Catholic Medical Center, integrating 10 institutions

Bizplay, a Webcash affiliate, has built an electronic documentation system to integrate expense evidence processing for The Catholic University of Korea Catholic Medical Center and a total of 10 affiliated institutions, including hospitals. The company said on Sept. 9 it completed the project, its first electronic receipt build for a domestic “Big 5” hospital. The system standardises procedures by linking internal systems and applies AI optical character recognition to paper receipts and invoices.

Finance

Finance network separation rules eased, fueling 140 trillion won fintech investment

South Korea\'s financial authorities expanded the scope of eased network separation rules for AI use to secondary financial institutions and electronic financial business operators. The number of firms to be selected rises to as many as 15, and eligibility thresholds are lowered. Selected institutions can use external AI and security SaaS after putting alternative controls in place. Industry expectations are mixed, with some firms cautious. Global fintech investment rose to $103.1 billion in the first half, with focus expected to shift to AI and financial infrastructure.

Finance

Bizplay introduces business trip management solution at AI government innovation conference

Bizplay, a Webcash affiliate, introduced an AI-based business trip management solution that supports planning, reservations and expense settlement for public institutions. The company said it showcased the \"bzp business trip management\" service at the 8th AI Government Innovation Conference held on Aug. 27 at the Government Sejong Convention Center. It said the tool recommends transport options and flags potentially improper claims, and could cut audit-related costs by about 40 percent.