Search results for Pseudonymised data
Finance
KakaoBank supplies 1.2 trillion won in mid to low credit loans using non-financial data
KakaoBank is expanding loans to mid and low credit borrowers using an alternative credit scoring model built solely on non-financial data. The bank said it additionally supplied 1.2 trillion won in such loans by reassessing applicants rejected under financial-data models. About 12 percent of mid to low credit loans handled since adopting the model in 2023 went to individuals and sole proprietors newly selected through alternative-data evaluation. Cumulative supply since July 2017 has exceeded 16 trillion won.
AI & Enterprise
Koscom designated as one-stop support center for pseudonymised data
Koscom has been designated by South Korea\'s Personal Information Protection Commission as the operator of a one-stop support center for pseudonymised data, it said on Tuesday. The company will carry out pseudonymisation through specialised data staff and verify results through an independent review system to reduce public institutions\' legal and operational burdens. It plans to link with related support schemes as new regulations are set to take effect in September.
AI & Enterprise
PIPC to recruit third pseudonymised data expert pool
South Korea\'s Personal Information Protection Commission will recruit its third pool of pseudonymised data experts from May 11 to May 29. The pool was introduced in 2021 to help promote data use by cutting the time and cost for organisations seeking professionals with capabilities in processing and using pseudonymised data, after a special provision was added to the Personal Information Protection Act in August 2020. The commission plans to select 100 experts and strengthen screening.
