Search results for Korea Commercial Artificial Intelligence Software Association
Finance
Woori Bank to support AX transition for public institutions
Woori Bank said on Thursday it signed a memorandum of understanding with the Korea Commercial Artificial Intelligence Software Association at its headquarters in central Seoul to expand the use of AI and software technologies in public and institutional finance. The partners plan to jointly develop AI-based services that combine finance and administration, accelerate digital and AI transformation, and cooperate in core fields including data analysis, automation and security.
Finance
Stablecoin integration accelerates with credit card networks; internet banks target remittances
Efforts to link stablecoins with established card networks are picking up pace, with Visa’s annualised stablecoin settlement volume at $4.5 billion and growing monthly. Korean internet banks are active around overseas remittances. Analysts expect the four biggest financial holding groups to post a combined 18.33 trillion won in annual net profit, up 12 percent. Financial firms also announced AI transformation programmes, fintech partnerships, listings and governance reforms, alongside legal changes for tokenised securities.
Finance
Woori Bank to expand productive finance to foster commercial AI software firms
Woori Bank said it signed a business agreement with the Korea Commercial Artificial Intelligence Software Association to promote the commercial AI software industry. The bank plans to expand financial support for promising related companies, targeting firms that face funding difficulties in R&D and commercialisation. The two sides will pursue tailored financial services, support for digital transformation using a supply chain management platform, and financial consulting via BIZ Prime Centers.