- Accelerate Business Growth and Global Success through UCAI Growth Fund
On December 20, 2022, Harex InfoTech Inc. (President Kyung Yang PARK), a pioneer in building the User Centric Artificial Intelligence (UCAI) Sharing Platform(UB Platform) Global Network, announced a business alliance with the Africa Fintech Network (AFN, President Dr. Segun Aina). The two organizations agreed to collaborate for the Digital Platformization and Globalization of Africa through the User Centric Shared Platform and User Centric AI Growth Fund.
African FinTech companies can provide User Centric Hyper-Personalized AI Services tailored to each particular consumer’s time, place, occasion, and event without a separate investment in developing an AI platform. They do this by sharing and federating UCAI, overcoming the lack of data held by each company, and thereby enhancing competitiveness.
With the enhanced business competitiveness achieved by sharing UCAI, Africa companies can meet consumers, connect the world, and expand their business globallythrough the User Centric AI Sharing Platform Global Network without limitation.
By sharing the products and services supplied from all around the world through the User Centric AI Sharing Platform Global Network, African companies can connect consumers in Africa with the rest of the world, increasing sales and profit while enhancing African consumers’ welfare.
Also, to accelerate the expansion of the AI sharing platform ecosystem, both parties agree to collaborate to promote African companies’ business success and global expansion through the UCAI growth fund that invests in both AI technology companies and businesses with high growth potential that use the UCAI sharing platform.
With the spread of UCAI sharing platform in Africa, all African companies, from micro, small and medium enterprises to big companies can succeed, even without big financial power, based on the quality of their products and services rather than who has the most money. By providing hyper-personalized AI services to consumers around the world, companies of all sizes can compete in terms of brand and strategy. By reducing the digital gap and eliminating the AI gap resulting from the monopolistic digital platform of big tech companies, the economic polarization in Africa can be resolved.
In addition, Africa, which currently lags in industrialization, will leapfrog to the cutting edge as an advanced economy. This is achieved by leading the age of hyper-personalized AI services, contributing to reducing the gap between developed countries and African countries, and opening the era of User Centric New Economy. All people around the world can share equal opportunities to develop, live and prosper together.
Harex InfoTech’s President Kyung Yang PARK emphasized “We believe that the User Centric AI Sharing Platform and the UCAI Growth Fund will develop the fintech industry in Africa and improve the prosperity and happiness of 1.4 billion people in the continent.”
AFN President Segun Aina, who gave a keynote speech at the “Seoul Dialogue on Africa” on the 14th commented, “I am very pleased that the two organizations signed an agreement for the development of the fintech industry in Africa, and we look forward to seeing this agreement lead to very positive results in the next 5-10 years.”
The AFN is the platform that unites and connects African FinTech leaders, organizations, and other important stakeholders through their country associations to create an ecosystem that stimulates information exchange, ideation, support, and promotion of innovative technologies within the financial services sector across Africa and beyond. The network also serves as a platform for advocacy and coordinated regulatory and governmental interactions to minimize cross-border constraints and facilitate ease of fintech exchanges in the continent. Currently, national fintech associations of thirty-four African countries are on AFN membership.
Harex InfoTech continues to take initiative to build a user centric hyper-connected network with the platform sharing, providing the hyper-personalized AI services and targeted marketing driven by UCAI, creating new value.Harex InfoTech signed a Joint Venture Agreement for establishment of UB Africa with SouthWest Holdings (Chairman Tewodros Ashenafi) on May 6th of this year, heralding a new shared economic order for maximal benefits to all users and businesses in Africa.
InfoTech President Kyung Yang PARK at the signing ceremony.
Introduction
Harex InfoTech is a first-generation fintech company established in 2000, that announced the world's first mobile card payment service in Silicon Valley (San Jose, CA) that same year. It won the Gold Medal in Best Technology at “Innovation Projects 2013” held by PYMNTS.com at Harvard University. Harex InfoTech shares its platform with all businesses to build a User Centric hyper-connected network capable of delivering hyper-personalized services driven by User Centric Artificial Intelligence (UCAI). These hyper-personalized services are heralding a new shared economic order maximizing benefits to users and businesses.
Terminology
*User Centric Shared Platform: UB Platform
The User Centric Shared Platform is the Platform that ▲ shares the "User Centric Service Paradigm" with all business entities and unites them, ▲ provides all users with hyper-personalized service to enhance their capabilities and happiness,n▲ and empowers businesses to secure new customers, transactions, services, data, and AI capabilities to create continuous profit and growth.
*User Centric Service Paradigm
The User Centric Service Paradigm is a paradigm where: ▲ Individual users access service providers directly, pay, solve needs, accumulate data, and use AI, preserving privacy and holding the sovereignty of their data and AI; ▲ The users access the service providers using their own devices as a router;
△ There are no middlemen between a user and service providers (trust entities);▲ The user is the center of the network.
*Hyper-Personalized Service: The Hyper-Personalized Service is a service that ▲ meets a particular user's needs at any time, place, and occasion,
▲ pleasantly surprises users with products or services they did not even know they wanted or needed, taking advantage of the user's data using the AI engine optimized for that particular user.
*User Centric Artificial Intelligence (UCAI)
User Centric Artificial Intelligence that ▲ preserves individual user privacy while enabling any business to securely and fairly collaborate and form a federation with other businesses without sharing or integrating user data, ▲ provides users with relevant, novel benefits and increases corporate profits and value, ▲ enhances user's capabilities and happiness, ▲ and increases the capabilities of all business entities.
Any business entity across the board, even if not a big tech company, can deliver User Centric AI services through the Shared Platform without the associated risk and system investment that only big tech companies can afford.
*User Centric AI Sharing Platform: UB AI Sharing Platform
The User Centric AI (UCAI) Sharing Platform is the Platform that ▲ shares the "UCAI" with all business entities and unites them, ▲ provides all users with hyper-personalized service to enhance their capabilities and happiness, ▲ and empowers businesses to secure new customers, transactions, services, data, and AI capabilities to create continuous profit and growth.
