Finance
KakaoPay joins NH NongHyup Bank alternative credit scoring model development
KakaoPay will join a NH NongHyup Bank-led consortium to develop an alternative credit scoring model using MyData and payment and remittance information. The companies signed a multilateral memorandum of understanding on July 15 at NH NongHyup Bank\'s new building in Seoul, KakaoPay said on Wednesday. Participants will combine non-financial data, credit scoring modelling capabilities and AI technology to build a joint model for use in financial products.
