Hana Bank announced on March 8 that it had signed a strategic business agreement with Qraft Technologies, an AI-based fintech startup.
Qraft Technologies is providing AI technology introduction solutions to many South Korean financial companies based on its proprietary deep learning algorithm technology.
At the signing ceremony, Hana Bank and Qraft Technologies formed a consensus on the Big Blur phenomenon, where the boundaries between different industries are disappearing recently, and agreed to not only converge finance and AI technology, but also to advance the use of AI technology tailored to the rapidly changing financial market.
Hana Bank is currently implementing a wealth management service with Qraft Technologies' AI technology through "HAI Robo", a robo-advisor.
The bank plans to expand the scope of cooperation so that it can introduce new financial business models that incorporate AI technology, such as introducing AI solutions related to My Data, analyzing financial markets, and developing financial products using big data.
“In the era of great digital transformation, AI technology is increasingly being used not only in traditional areas of finance such as asset management and market analysis, but also in business strategies and human resource management,” said Kim Ki-seok, Vice President of Hana Bank’s Wealth Management Group. “Hana Bank expects that the business agreement with Qraft Technologies, which possesses unrivaled technology, will become a new stepping stone for Hana Bank’s digital innovation.”
