Koscom Signs MOU with KCIS to Promote AI Adoption in the Financial Sector

Koscom and the Korea Credit Information Services (KCIS) have joined forces to promote the adoption of artificial intelligence (AI) in the financial sector and to establish a data-driven ecosystem.

On the 14th, Koscom announced that it had signed a memorandum of understanding (MOU) for AI business cooperation with KCIS at its headquarters the previous day. Through this agreement, the two organizations plan to actively pursue strategic collaboration in key areas such as sharing AI infrastructure, joint utilization of data, and development of AI solutions.

Yoon Changhyun, CEO of Koscom (sixth from the left), and Choi Yusam, President of the Korea Credit Information Services (fifth from the left), are taking a commemorative photo at the "Korea Credit Information Services-Koscom Financial Sector AI Business Agreement Ceremony" held at Koscom headquarters on the 13th. Koscom

This agreement was established in response to the government's AI industry development policy and the growing demand for AI adoption in the financial sector. Both organizations have agreed to work together to address limitations in data accessibility and infrastructure utilization, and to build a practical business foundation that will enhance the financial sector's AI competitiveness.

The cooperation will focus on three main areas. First, by sharing AI infrastructure, the two organizations will support the financial sector in accessing a stable and efficient AI development environment. To this end, Koscom will provide a high-performance GPU-based training infrastructure, while KCIS will support a financial data analysis environment.

Through joint use of data and collaborative AI research, the two organizations will pseudonymize and combine their respective data holdings for use as AI training datasets, and will also jointly create synthetic data. In addition, they plan to establish data utilization standards and jointly develop SaaS (Software-as-a-Service)-based AI solutions to be distributed for immediate use in the financial sector.

Yoon Changhyun, CEO of Koscom, stated, "This agreement marks the beginning of our joint efforts to promote AI adoption and build a data ecosystem in the financial sector. By combining the technology and expertise of both organizations, we will maximize the activation of the financial sector's AI ecosystem and further advance the financial data ecosystem."

Choi Yusam, President of KCIS, emphasized, "This agreement will serve as an opportunity to bring together the differentiated capabilities and experience of both organizations. We will continue our efforts to support the government's AI development policy and to foster the emergence of innovative AI services in the financial sector."