Fintech company Finda announced on the 12th that it has signed a memorandum of understanding (MOU) with Korea University's School of Business to jointly conduct a capstone project to strengthen industry-academia collaboration. This collaboration aims to provide hands-on data analysis experience utilized in industrial settings and cultivate experts in artificial intelligence (AI) and big data.
The Capstone Project is an industry-academic collaboration program that utilizes digital technologies like AI, big data, and cloud computing to solve real-world problems faced by businesses. It operates as a practical project in lieu of a master's thesis. Finda and Korea University's School of Business will collaborate to develop business and data professionals equipped with practical problem-solving skills by conducting a corporate data-based analysis project for students in the Master of Business Analytics (MSBA) program.
During the project, Pinda will provide data-driven research topics derived from industry practice and participate in the interim consultation and final evaluation process within a pre-agreed scope. Korea University's School of Business expects that by conducting projects utilizing real-world data from fintech companies, it will be able to move beyond theory-based education and enhance practical application.
In particular, students will undertake a variety of data analysis tasks linked to digital financial services, including analyzing financial consumer behavior data and improving financial product recommendation algorithms. This will help them gain experience in problem-solving using industrial data.
Students at Korea University's College of Business Administration are expected to strengthen the capabilities necessary for advancement into data-driven industries and digital finance, leveraging their project outcomes and corporate collaboration experiences. Finda also expects that through analysis results utilizing financial data, it will gain insights necessary for service improvement and further strengthen its data-driven decision-making system.
An official from Korea University's School of Business stated that they anticipate meaningful industry-academic projects based on financial data and real-world industrial issues through collaboration with domestic fintech companies. They also expressed their hope that this will provide students with a practical perspective while also providing companies with an opportunity to develop new ideas leveraging their data analysis capabilities.
Koo Hae-mo, Vice President of Finda Data, said he expects this collaboration will broaden access to top talent and combine the strengths of both institutions to achieve tangible results. He added that Korea University Business School will leverage its industry-academia collaboration experience to jointly foster student growth and project success.
Recently, the financial sector has been expanding industry-academia cooperation programs between fintech companies and universities to strengthen the competitiveness of data-based services.
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