[Asia Economy Reporter Kim Hyo-jin] A fintech (financial technology) service that analyzes non-financial transaction information using artificial intelligence (AI) technology to evaluate credit for individuals or small business owners and utilize it in loan screening will be pilot operated.
On the 4th, the Financial Services Commission held a designated agent screening committee and announced that it had selected fintech companies to operate such services as designated agents.
A designated agent is a system that allows fintech companies to be entrusted with core tasks such as loan and card issuance screening or insurance contract changes from financial companies for up to two years to pilot innovative ideas.
Fintech company Naver Financial collaborates with Mirae Asset Capital to analyze Naver Pay sales status, item categories, return rates, and shopping grades.
Kona I, in collaboration with Aequan Capital, analyzes and provides data such as Kona Platform charging and payment history and product purchase details.
The Financial Services Commission expects that this will enable better financial services for customers with insufficient financial information and simplify loan procedures through non-face-to-face loan applications and screenings.
Korea Bill Brokerage analyzes data such as issuers, maturity, and transaction details of electronic bills and accounts receivable on behalf of Samsung Card.
By utilizing various information to more appropriately evaluate the corporate value of small and medium-sized enterprises with insufficient financial information, it is expected that convenience in using corporate financial services, such as expanding corporate card usage limits, will increase.
Since the system was implemented in 2018, a total of 31 designated agents have been selected over five rounds. So far, 11 business consignment contracts have been signed.
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