December & Company Asset Management "AI Investment 'Pint' Sees 11-Fold Increase in Subscribers in Just One Year"

[Asia Economy Reporter Minji Lee] December & Company Asset Management, which operates Korea's first AI non-face-to-face discretionary investment service ‘Fint’, announced on the 20th that its cumulative number of subscribers grew 11 times in just one year.

The cumulative number of Fint subscribers exceeded 331,000, marking an 11-fold increase compared to last year. The cumulative number of discretionary investment contracts also rose more than 17 times to 72,000, and assets under management (AUM) grew 9 times to 31.23 billion KRW.

The key factor was the industry’s first introduction of open banking services to non-face-to-face discretionary investment. By integrating open banking services that allow free deposits and withdrawals into the Fint app, the number of subscribers increased by an astonishing 1100% over the past year compared to before. This reflects the success of the government’s innovative financial policies. Recently, an additional 41 financial institutions have been linked, further enhancing customer convenience.

The service’s accessibility to the general public also had an impact. It brought innovation by enabling anyone to enjoy one-on-one customized discretionary investment, which was previously available only to high-income earners, starting from 200,000 KRW. It opened the path to ‘easy investment’ with an intuitive and simple user interface (UI) that anyone can easily understand. Moreover, even without investment knowledge, AI manages the entire investment process?from constructing and managing a global exchange-traded fund (ETF) portfolio tailored to the customer’s investment preferences to handling deposits and withdrawals?earning positive responses from the 20s and 30s generation.

Jung In-young, CEO of December & Company Asset Management, said, “This year, as interest in the fintech industry has increased, the easy investment service Fint has become well-known to many people and achieved rapid growth. We will continue to focus on advancing Fint’s technology while providing innovative financial services that satisfy our customers.”

Meanwhile, December & Company Asset Management plans to actively contribute to revitalizing the fintech ecosystem through multifaceted cooperation with the financial sector. In October last year, December & Company partnered with KB Securities and NCSoft to introduce innovative fintech businesses using AI-based securities services and MyData through the ‘Fint’ platform.