IBK Industrial Bank of Korea said on Feb. 24 it has selected 7 startups for the seventh cohort of its innovation technology testbed, IBK 1st LAB.
The seventh cohort includes Gwanak Research Institute, Psionic AI, Whatsub, Closer Labs, Performance by TBWA, High Stranger and Korea Deep Learning, companies with artificial intelligence and data analytics technologies.
They will work with the bank’s business departments to conduct proof-of-concept projects that apply the latest technologies to actual financial operations, such as automating relief for voice-phishing victims and upgrading AI household loan counselling and screening.
The bank will provide the selected companies with opportunities to validate technologies in a real financial environment, along with test support funds, IT infrastructure and collaboration space.
A bank official said, "We will achieve meaningful improvements in financial services through collaboration with startups that have innovative technologies. We will create changes that customers can feel."
Ji-young Lee
ljy@d-today.co.kr