Naver Pay (CEO Park Sang-jin) announced on the 16th that it signed a 'Joint Research Business Agreement for Activating the Use of Financial Data' with the Korea Credit Information Services (President Choi Yoo-sam) and NICE Information Services (CEO Kim Jong-yoon) .
This business agreement is intended to discover new products and services through the combination of pseudonymized information and joint research based on each company's expertise, and the three companies promised to cooperate to vitalize the financial sector and MyData industry and enhance the utility of financial consumers.
Specifically, we plan to build various strategic cooperative relationships, including ▲ analysis of the use of financial and non-financial convergence data ▲ joint research for the development of innovative financial services ▲ joint use of analysis results.
Park Sang-jin, CEO of Naver Pay, said, “‘Naver Pay Score,’ an alternative credit rating model jointly developed by Naver Pay and NICE Information Services, has provided consumers with better loan benefits and financial institutions with opportunities to discover new customers,” and “Through this agreement among the three companies, we will actively cooperate to increase the benefits for financial consumers in more diverse areas and to coexist with financial institutions.”
Choi Yoo-sam, President of the Korea Credit Information Services, said, “This agreement will be an important opportunity to create new value based on the expertise of three companies that are contributing greatly to the development of the financial industry,” and added, “This agreement is an exemplary case of strengthening the utility of financial consumers and discovering business models through data cooperation in the financial industry. Going forward, the Korea Credit Information Services will continue to make efforts to activate AI in the financial sector by utilizing various AI techniques such as federated learning.”
Kim Jong-yoon, CEO of NICE Information Services, said, “By combining the data of the three companies, we will be able to analyze higher-quality data,” and “We hope to be able to produce useful analysis results that can provide more benefits to financial consumers.”
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