On the 14th, data specialization firm Bank Salad announced that its operating revenue (sales) in the second quarter reached 7.73 billion won, an 85% increase from the same period last year.
Operating costs decreased by 14% during the same period, resulting in a quarterly revenue of 120 million won. Excluding stock-based compensation, the net income was tallied at 600 million won. In the institutional sector, driven by strong performance in insurance diagnostic services, the insurance service sales in the second quarter surged by 230% compared to the same period last year.
Looking at the lending institutional sector, the loan execution amount in the second quarter increased by 25.5% compared to the same period last year. Bank Salad plans to explore new financial and health services using the MyData 2.0 infrastructure in the second half of this year and to enhance its services using artificial intelligence (AI) technology.