[Special Stock] Finger Partners with Samil Accounting for AI-Based ERP... Continuing the Smart Banking 'Myth'

Financial platform developer Finger is showing strong performance. The news that it has signed a memorandum of understanding (MOU) with Samil Accounting Corporation to develop an AI-based open enterprise resource planning (ERP) system for startup companies appears to be influencing its stock price.

As of 1:33 PM on the 25th, Finger is trading at 13,370 KRW, up 24.26% from the previous day.

Finger is a company providing financial solutions and fintech services, listed on the KOSDAQ market in 2021. It offers services such as digital banking solutions and big data analytics, and last year launched Pharos, an accounting ERP system based on startups.

In January 2001, Finger developed a screen scraping-based PFMS (Personal Finance Management Service) that manages all assets of financial institutions online. In 2009, it partnered with Industrial Bank of Korea to establish the country’s first smart banking, and in 2010 developed Orchestra, a mobile development platform. In November 2017, it launched ‘Rele Transfer,’ an overseas remittance service targeting Vietnam, expanding the service to a total of 25 countries by 2021. In January 2021, Finger’s subsidiary, Fintech Co., Ltd., was selected as a MyData operator.

Through this collaboration with Samil Accounting Corporation, Finger expects to add AI functions to the existing Pharos system to reduce costs associated with outsourced accounting processing for customers. Startup companies will be able to reduce outsourced accounting expenses and provide investors with important financial information in real time, enabling more effective financial management. This system is scheduled to be released by the end of this year.

Hong Jun-gi, Head of the Audit Division at Samil Accounting Corporation, said, “For startup companies to grow successfully, an easy-to-use and efficient accounting management system is essential,” adding, “Through this collaboration, we will provide a user-friendly ERP system enhanced with AI functions to help startups focus on their core business.”

Ahn In-ju, CEO of Finger, stated, “Pharos ERP has already received positive reviews among several startups,” and added, “We expect to improve the system to provide users with a better experience.”