NH Nonghyup Bank is accelerating its transition to an Agentic AI bank through direct investments in AI companies. This move aligns with the government's focus on fostering AI and the trend toward productive finance, aiming to strengthen the integration of finance and advanced technology.
On May 28, Nonghyup Bank announced it has signed a memorandum of understanding (MOU) with AI firm Agile Soda for direct investment and business collaboration.
The bank determined that strategic investments in AI companies are essential for integrating AI technology across its financial services. This initiative is being recognized as a productive finance example, where the financial sector directly invests in tech firms to support their growth.
Through this direct investment, Nonghyup Bank aims to enhance its AI capabilities and plans to establish an AI agent-based banking system by 2027. To achieve this, the bank intends to finalize investment contracts and regulatory filings by June and to launch the AI agent development project in July, accelerating its transition to an AX model.
Kang Tae-young, President of Nonghyup Bank, stated, "To achieve the AX transition, having excellent AI professionals is crucial. This direct investment in AI companies will propel us toward becoming an Agentic AI bank that integrates AI into the daily lives of our customers and employees."
* This article has been translated by AI.
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