Financial AI Agent Conference
"The Era of AI Agent Financial Revolution"
Webcash Group, a first-generation fintech (finance + technology) company, has announced its plan to transform itself into a 'financial agent' company by integrating artificial intelligence (AI) into all its products, including banking. The company also revealed that it has begun equipping its affiliate Bizplay's platform, which is related to local currency, with AI agents.
Yoon Wansu, Vice Chairman of Webcash Group, is giving a presentation on management strategy at the 'Financial Artificial Intelligence (AI) Agent Conference' held on the 10th at Conrad Seoul in Yeouido, Seoul. Webcash
Yoon Wansu, Vice Chairman of Webcash Group, made this announcement at the 'Financial Artificial Intelligence (AI) Agent Conference' held on the 10th at Conrad Seoul in Yeouido, Seoul.
Webcash is a fintech company founded in 1999 by former employees of Dongnam Bank, which operated an electronic financial business in the Busan and Gyeongnam regions. Over the past 25 years, the company has driven innovation by developing B2B fintech products such as Branch, KyungriNara, InhouseBank, and BPLPay.
Vice Chairman Yoon stated that, at the latest by next year, all Webcash products will be converted to AI-based solutions. To achieve this, the company plans to implement a major reorganization and redeployment of personnel, including the establishment of a dedicated team of about 100 people.
On this day, Webcash launched a pilot version of 'BranchQ,' a new product for its mid-sized enterprise cash management solution, Branch. Starting with BranchQ, the company plans to convert all its products to AI-based solutions and build a 'financial AI ecosystem.'
The company intends to fully transition its nine major enterprise cash management solutions?including KyungriNara, Branch, and InhouseBank?to an AI agent-based system.
Vice Chairman Yoon said, "We have launched a pilot version of BranchQ this month and, after discussions with banks, we expect to begin official service around August. The AI agent banking service will first launch inquiry services within this year."
He added, "Once BranchQ officially launches in August, we expect to increase sales by 50 to 100 percent over the long term."
On this day, Vice Chairman Yoon also explained that Bizplay, Webcash Group's local currency subsidiary, is accelerating its transition to AI.
Regarding Bizplay's mobile gift certificate, BPLSikkwon business vision, and collaboration with the Lee Jaemyung administration, he said, "It is difficult to elaborate here, but all Bizplay products will be converted to AI agents within this year. The process of equipping local currency with AI agents has already begun."
Bizplay is the leading distributor of public mobile gift certificates. In the mobile gift certificate business, the company operates based on a payment infrastructure that includes 1.8 million ZeroPay-affiliated merchants nationwide.
In December 2021, Bizplay advanced its related business through a physical division that established BPLPay. BPLPay has about 5.5 million subscribers. Bizplay posted an operating profit of 770 million won in the first quarter, successfully turning a profit.
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