JB Financial partners with Upstage to develop AI solutions for finance
JB Financial Group has teamed up with Upstage, a leading artificial intelligence (AI) company, to develop AI-based tools for practical use across the financial sector as part of its broader effort to accelerate company-wide AI transformation, the group said Thursday. JB Financial Chairman Kim Ki-hong and Upstage CEO Kim Sung-hoon signed a memorandum of understanding on Monday, laying the…
JB Financial Group has collaborated with Upstage, a prominent AI company, to develop AI solutions tailored for the financial industry, as part of the company's broader initiative to accelerate its AI transformation across all divisions, the company announced on Thursday. The partnership was formalized with the signing of a memorandum of understanding on Monday by JB Financial Chairman Kim Ki-hong and Upstage CEO Kim Sung-hoon.
This strategic alliance will focus on advancing financial AI technology and identifying new business opportunities.
JB Financial has recognized AI transformation as a key priority, as highlighted during its executive strategy meeting in August. The partnership will involve JB Financial and its major subsidiaries, such as Jeonbuk Bank, Kwangju Bank, and JB Woori Capital, working together to establish a comprehensive AI collaboration network within the group.
Leveraging Upstage's proprietary large language model (LLM) technology, the companies will collaborate on creating AI agents specifically designed for banking and other financial services.
In addition to their joint efforts, the two companies agreed to undertake various joint projects, including the development and testing of new AI applications for finance, as well as the exchange of employees to foster knowledge sharing and enhance collaboration.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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