The demand for the introduction of generative AI services in the financial sector is rapidly increasing, but many corporations are facing difficulties due to a lack of personnel and data.
Oneline AI is a startup that provides generative artificial intelligence (AI) solutions to financial companies. It was co-founded in September 2022 by CEO Jeong Han-eol, who has a background as a stockbroker in securities firms, Chief Data Officer Son Kyu-jin, who worked at Kraft Technologies and FuturePlay, and Chief Technology Officer Chon Hyun-joon, who has experience at Shinhan Card and Kakao Pay.
CEO Jeong said, "While working on repetitive tasks such as research, client content, and stock discovery at securities firms, I thought automation would be possible," adding, "I studied natural language processing extensively during my doctoral program and used this knowledge to start my business."
According to the Korea Credit Information Service, the domestic financial AI market size is expected to grow from 600 billion won in 2021 to 1.7 trillion won this year. However, it is true that financial companies are experiencing difficulties in adopting AI due to a shortage of related specialized personnel and challenges in securing investment resources.
CEO Jeong explained, "AI services are facing persistent issues such as expensive developers, a lack of optimized data, and rapidly changing technologies," noting, "Many unicorns have emerged in this process, and Oneline AI aims to become the next unicorn as a generative AI solution startup for financial companies."
The company offers an integrated service through its generative AI solution "OLA," which optimizes data marts, system designs, and agent configurations for large language models (LLMs). The OLA multi-agent system combines with financial data marts to automatically generate real-time financial content by country and asset using LLMs. LLM agents combined with financial data provide various functions, including automatic stock report generation, AI stock summaries, and automated customer asset reports.
Additionally, the OLA financial chatbot can provide sophisticated responses using real-time financial data. Oneline AI is currently co-developing a financial language model through a proof of concept (PoC) verification process with financial companies.
CEO Jeong stated, "While there are corporations that provide financial data and competitors supplying generative AI for finance, there are limited places that vertically integrate the development of financial data and generative AI," emphasizing, "Oneline AI is the only corporation that provides content generation capabilities according to the needs of financial companies."
OLA is adopting a pricing policy that combines a monthly subscription fee in a software-as-a-service (SaaS) model with on-premises solution delivery. Users can choose to use it in a SaaS form or migrate it to an internal network server.
CEO Jeong emphasized, "We plan to enter the global market next year," noting, "We will provide tailored generative AI solutions targeting small banks in India, Singapore, and Vietnam."