BHSN (CEO Lim Jeong-geun), a legal AI specialized company, announced on the 17th that it has attracted strategic investment from Samsung Venture Investment for collaboration with Samsung Life Insurance. Samsung Venture Investment conducted this investment through the New Technology Business Investment Association in which Samsung Life Insurance invested.
This investment was made with the aim of strengthening the risk management system of financial affiliates including Samsung Life Insurance and establishing an autonomous compliance system based on BHSN’s legal specialized data processing capabilities and AI technology (such as Allybee Astro, a large-scale language model (LLM), AI search engine, and OCR).
BHSN and Samsung Life Insurance signed a business agreement (MOU) on May 8, and plan to sequentially pursue a three-stage collaboration roadmap, including ▲joint development of financial AI based on legal data, ▲implementation of internal control services, and ▲expanding mid- to long-term partnership covering technology, services, and sales.
In particular, the two organizations are focusing on building an AI environment that can be linked with internal systems, thereby establishing an AI utilization system for major tasks that require legal interpretation and compliance judgment. They plan to detect and block human errors such as violations of company regulations, omissions in reporting, and regulatory interpretation errors occurring in the financial field in advance, thereby improving the work efficiency of compliance officers and ensuring consistency and speed in internal control.
Based on this collaboration, BHSN plans to demonstrate the practical necessity and effectiveness of legal AI in the financial industry and expand the introduction of legal AI to the entire financial sector and various industries in the future.
A Samsung Life Insurance official said, “BHSN is a company that possesses the technology to precisely and accurately resolve complex issues that are difficult to address with general-purpose AI, such as financial regulations and internal rules,” adding, “We decided to invest and collaborate with a long-term perspective to innovate the risk control system across the financial sector.”
BHSN CEO Lim Jeong-geun said, “I think it is meaningful that our technology and business viability have been recognized by the top financial institution in Korea, which has led to investment and collaboration,” and added, “We will focus on advancing Legal AI so that our technology can be utilized across various B2B industries beyond the financial sector.”
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