Search results for My AI agent
Finance
MyData market expands as Korea faces impact of consecutive base rate hikes
Korea\'s financial MyData service is set to expand beyond individuals to sole proprietors and small merchants, evolving from simple data checks to executing financial tasks. The Financial Services Commission plans to broaden the right to request transmission of credit information and to introduce a \"My AI agent\". Separately, the Bank of Korea has raised its base rate for a second straight month, adding to upward pressure on loan rates and borrowers\' interest burdens.
Fintech
MyData market to expand as fintech eyes AI loans and finance groups focus on data sharing
Korea’s Financial Services Commission plans to expand MyData beyond individuals to include sole proprietors and small merchants, and to introduce a “My AI Agent” that can carry out financial actions on users’ instructions. The overhaul would integrate financial, commercial and public data for sole proprietors, including sales and tax information. Fintech firms are looking at AI-driven loan execution, while financial groups are focusing on sharing personal credit data among affiliates under revised rules.
Finance
South Korea to expand MyData to sole proprietors, push \'My AI Agent\'
South Korea\'s Financial Services Commission will expand financial MyData services, previously offered only to individuals, to include sole proprietors and small merchants. It also plans to introduce a \"My AI Agent\" that can go beyond information transfer and inquiries to exercise finance-related rights on a user\'s instructions. The FSC will broaden eligible data from finance-focused categories to areas including virtual assets and policy finance, and prepare amendments to the Credit Information Act.
