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AI & Enterprise

HonestAI signs MOU with Mongolia\'s Nubisoft to supply LendingIntelligence AI solution

HonestAI, a financial AI transformation company, said on Tuesday it has signed a memorandum of understanding with Mongolian financial IT company Nubisoft to supply AI-based credit solutions in Mongolia. HonestAI said it will provide core technology for its loan-focused AI solution, LendingIntelligence. Nubisoft will conduct proof-of-concept work for adoption by local financial institutions and the two companies will pursue joint market entry.

AI & Enterprise

Three South Korean AI startups target global AI market using Oracle Cloud

Korea Oracle said VMIC, PromptTown and KAB Labs joined Oracle’s startup cooperation program Miracle and enhanced industry-specific work processes using Oracle Cloud Infrastructure. It said Miracle is jointly run by Oracle, the Ministry of SMEs and Startups, KISED and Seoul National University of Science and Technology. The companies reported lower infrastructure costs, faster processing speeds and plans to support customers across global hubs.

AI & Enterprise

Minish Technology raises 30 billion won from VIG Partners at 150 billion won valuation

Health tech company Minish Technology said on May 28 it raised 30 billion won in investment from South Korean private equity firm VIG Partners, which valued the company at 150 billion won. VIG will secure a 20 percent stake through the investment. Minish Technology said VIG decided to invest after highly rating its natural tooth preservation and anti-ageing technology. The company supplies its tooth restoration solution to provider dental clinics.