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NH Nonghyup Bank to work with Seoul credit guarantee foundation on big data support for small merchants

NH Nonghyup Bank will work with the Seoul Credit Guarantee Foundation to expand support for small merchants using AI-based big data. The bank said it signed an agreement at NH Nonghyup Tower in Seoul on June 22. The partnership combines the bank’s card spending, deposit and lending, and retail consumption data with the foundation’s data-based commercial district analysis capabilities. They plan joint research and new management diagnostic models.