[DigitalToday reporter Sang-yeop Oh] Samsung Securities is teaming up with global financial group BNY to expand cooperation from financial infrastructure such as stock brokerage, clearing and securities financing to artificial intelligence and digital assets.

Samsung Securities said on Sept. 13 it signed a comprehensive memorandum of understanding with BNY on Sept. 10 (local time) at BNY headquarters in New York to cooperate on global asset management and financial solutions.

Under the agreement, the two companies plan to advance existing securities industry infrastructure including stock brokerage and clearing, securities collateral management and securities financing.

In new business areas, they will broaden cooperation to include AI and digital assets. They aim to develop new financial solutions and strengthen customer services by using their global networks and financial infrastructure.

Founded in 1784, BNY is a global financial group headquartered in New York. It provides custody and investment services, asset management and capital markets solutions in more than 100 markets worldwide.

Samsung Securities CEO Jong-moon Park (박종문) said the cooperation would broaden coverage beyond innovation in traditional financial infrastructure to include digital finance. He said the company would continue to introduce global financial solutions to domestic investors.