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AI & Enterprise

Woori Bank holds AI competition to seek ideas to prevent financial fraud

Woori Bank held the finals of an AI-financial consumer protection idea contest with trainees from Samsung Youth SW and AI Academy (SSAFY) at its headquarters on June 5. The contest aimed to find practical ideas using AI to address consumer protection issues, reduce financial access problems for vulnerable groups and prevent increasingly sophisticated new types of financial fraud. A total of 116 teams entered, with 7 reaching the finals.

Finance

Woori Bank opens loan consulting channel on medical professionals platform

Woori Bank has launched a corporate loan consultation channel for clinic owners and prospective clinic owners. The bank said on June 1 it set up a one-to-one tailored corporate loan consultation channel linked to the Medistaff app, a medical professional community platform used by about 63,000 people including doctors and medical students. Requests submitted in the app are sent via Woori Bank’s open API to a dedicated corporate finance center.

Finance

KakaoBank teams up with Seoul to expand financial education for youth

KakaoBank will work with the Seoul city government to expand financial education for teenagers, linking basic everyday finance lessons with training to prevent financial fraud and a finance idea contest. Seoul will run an economy and finance academy from May to September for about 360 youths at 21 municipal youth centers. Additional programs from July will target vulnerable youths, including anti-scam education and one-on-one financial mentoring.