Naver Cloud said on the 26th that it signed a memorandum of understanding (MOU) with JB Financial Group to innovate financial services using AI technology.
Under the agreement, the two companies will work to identify AI-based financial innovation projects such as Naver Cloud's large language model (LLM) HyperCLOVA X and its AI contact center (AICC), and will collaborate to advance the latest IT technologies and co-develop models tailored to the financial sector.
JB Financial Group plans to review, in stages, ways to apply AI across end-to-end financial operations from corporations loan consultations to screening and post-management. In particular, by using HyperCLOVA X, the companies plan to discuss extracting and structuring necessary data from consultation information and documents at the consultation stage, and supporting screening decisions by having AI analyze applications, financial materials, transaction information, and more at the screening stage.
Naver Cloud said it will continue to advance AI technologies and services suited to the characteristics of the financial industry to contribute to digital innovation in finance and improved operational efficiency.