Woori Financial Launches 'DINNOlab Tech 1st Class,' Accelerates AI Startup Support
TECHWORLD ·
✦ AI Summary
Woori Financial Group held the launch ceremony for the "DINNOlab Tech 1st Class" on the 3rd and began expanding productive finance for AI startups.
DINNOlab has recorded 231 cumulatively identified companies and KRW 503.9 billion in linked investment, and the newly launched "DINNOlab Tech" is a program that selects startups to solve technology challenges proposed by affiliates and work with them.
Four AI startups were selected for the "DINNOlab Tech 1st Class," and they will carry out collaboration projects applying AI to asset management, research, market analysis, and work automation tasks with Woori Bank, Woori Investment & Securities, Dongyang Life Insurance, and WooriFIS.
Woori Financial Group held the launch ceremony for the "DINNOlab Tech 1st Class" on the 3rd and began expanding productive finance for AI startups. Through its existing startup incubation program, DINNOlab, Woori Financial Group has been identifying promising startups and providing opportunities for business collaboration and investment.
DINNOlab is Woori Financial's startup incubation program, and it has identified 231 companies cumulatively so far. The amount of linked investment through DINNOlab stands at KRW 503.9 billion.
The newly launched "DINNOlab Tech" is a program that selects startups to solve technology challenges proposed by Woori Financial affiliates and promotes collaboration with them. Through this, Woori Financial Group has begun full-scale collaboration between AI startups and its financial affiliates.
Four AI startups were selected for the "DINNOlab Tech 1st Class." The four companies will carry out collaboration projects applying AI to asset management, research, market analysis, and work automation tasks with Woori Bank, Woori Investment & Securities, Dongyang Life Insurance, and WooriFIS.
Among the selected companies, Mentat was included. Mentat plans to build an AI asset care solution with Woori Bank to provide each customer with tax-saving information, while Waker Holdings plans to develop an AI assistant that supports investment information analysis with Woori Investment & Securities.
Woori Financial is pushing ahead with collaboration projects between startups and financial affiliates and related companies. Axlater and Dongyang Life Insurance plan to develop an AI market sensing system, while Picabo Labs and WooriFIS plan to develop document automation AI technology.
Woori Financial plans to provide up to KRW 30 million in proof-of-concept, or PoC, costs for each project, and it will also support office space. It also plans to provide cloud infrastructure worth KRW 10 million through cooperation with NAVER Cloud and Amazon Web Services (AWS). In addition to helping with technology validation and development, this support structure will also help winning companies adopt the technology and provide fund investment support.
Ok Il-jin, head of the Digital Innovation Division at Woori Financial Holdings, explained that DINNOlab Tech is a program that creates business opportunities by connecting financial market demand with startup technology. He also said the company aims to support the growth of AI startups and expand productive finance.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=406506
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Source: TECHWORLD
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