Banksalad is working with Sogang University to analyse the relationship between consumer spending patterns and individual credit risk using MyData, and to develop an alternative credit scoring model based on the findings. The study used about 200,000 card payment records and Banksalad\'s consumption category framework. The company plans to develop the \'Banksalad Score\' with HonestAI and Korea Credit Bureau and pursue commercial use in the financial sector.

Douzone Bizon said its fintech affiliate Techfin Ratings signed an MOU with Korea Credit Bureau to jointly pursue a corporate credit bureau business. The two companies plan to combine data, networks of financial firms and corporate evaluation capabilities to build a new system for corporate assessment and supply chain finance in South Korea. They also plan joint research, business model development, marketing and external communications.