Naver Pay Signs Data Utilization Agreement with Credit Information Service and NICE Information Service

Discovering New Products and Services Through Collaboration Among Three Companies

Naver Pay announced on the 16th that it has signed a business agreement for a 'Joint Research to Promote the Use of Financial Sector Data' with Korea Credit Information Services and NICE Information Service.

Naver Pay, Korea Credit Information Services, and NICE Credit Information Service signed a business agreement (MOU) on the 15th at Korea Credit Information Services in Jung-gu, Seoul. From the left, Kim Jong-yoon, CEO of NICE Credit Information Service, Choi Yoo-sam, President of Korea Credit Information Services, and Park Sang-jin, CEO of Naver Pay, are posing for a commemorative photo. Photo by Naver Pay

The three companies plan to collaborate on utilizing and analyzing financial and non-financial integrated data, conducting joint research for the development of innovative financial services, and jointly utilizing the analysis results.

Park Sang-jin, CEO of Naver Pay, said, "Through this agreement, we will actively cooperate to enhance benefits for financial consumers in various areas and to coexist with financial companies."

Choi Yoo-sam, President of Korea Credit Information Services, stated, "We will continue to strive to activate AI in the financial sector by utilizing various AI companies, including federated learning."

Kim Jong-yoon, CEO of NICE Information Service, said, "We expect to derive useful analysis results for financial consumers by combining data from the three companies."