Foreign investors who visited the IBK Corporate Bank booth on the 7th (local time) watched a demonstration of Corporate Bank's future growth model and listened to explanations. /Reporter Han Jae-hee
Demonstration of the 'Future Growth Model' to measure the future value of a company with AI
“It's interesting to be able to predict growth models. In particular, it's new that we can test privately held companies other than listed companies.”
On the 7th (local time), at the IBK Corporate Bank booth located in the North Hall of the Las Vegas Convention Center, a local investment-related client said after hearing an explanation of the future growth model. The “Future Growth Model” unveiled at the Corporate Bank booth attracted the attention of visitors at home and abroad.
IBK CORPORATE BANK has set up a booth at the North Hall of the Las Vegas Convention Center where the 2025 CES will be held to welcome visitors. /Reporter Han Jae-hee
Corporate Bank took on the challenge for the first time at CES this year. Bank Chief Kim Sung-tae was initially scheduled to attend, but due to domestic political uncertainty and current issues, Kim Hyung-il (Senior Vice President) and Kim In-tae, Vice President of Innovative Finance Group, attended.
Kim Hyung-il, Managing Director of Corporate Bank, said, “For the first time, we created an independent booth and promoted it,” and “it is meaningful to share IBK's differentiated SME support, innovative enterprise know-how, and future growth models to global investors and companies.”
The IBK Corporate Bank booth was crowded with visitors from the morning of the 7th, the first day of the opening. The company logo was raised to stand out from afar, and all of the booth walls were made up of display screens. In particular, I was able to test the company's future growth predictions in the middle of the booth, which drew attention.
Ha Taekyung, Director of Insurance Research, who visited the booth this morning, said, “It would be nice to find a solution that can be introduced into the insurance industry,” and Hyundai Card officials also showed great interest in demonstrating the model.
Unlike credit evaluation models that focus on past financial performance, this model is a differentiated customer value enhancement model for corporate banks that uses AI and big data to evaluate the possibility of creating future results (technology development, sales growth, investment promotion, employment creation, etc.).
It evaluates privately held companies (startups, mid-term companies, etc.) by analyzing all data held by corporate banks as well as public data. It is characterized by identifying 1.5 million companies and distinguishing between evaluations of super-gap technology companies and general corporate models. In addition, early companies in the 1st to 3rd year and companies that have taken off in the 4th to 7th year are divided to derive evaluation results that match the characteristics of each.
First, select a company category and determine whether it is an early-stage company or a leap forward company. Analysis begins by extracting characteristics, such as what kind of technology they have, and entering information. Detailed items are provided as the enterprise analysis is released. Generative AI then summarizes the company's characteristics. It is now possible to analyze a company and evaluate future growth potential with just a few taps.
“IBK First Lab” became the main focus. IBK First Lab is an open innovation test bed that tests and verifies whether digital innovation technologies and ideas from outside the bank can be incorporated into the products, services, and business processes of corporate banks.
Antock, a data analysis fintech company that participated in First Lab, has even created a future growth model based on technology verification algorithms. Antock created this model by incorporating technical verification algorithms into corporate bank data, and commercialization has been carried out through three rounds of verification over the past 2 years.
Park Jae-joon, CEO of Antock, explained, “The future growth model can also be seen as an unusual model that can be done in Korea,” and “in the case of Korea, analysis is possible because there is a lot of public data and this information can be obtained.”
It is expected to be completed along with the construction of a next-generation system that can actually be used throughout the year. Through this, it is planned to go beyond evaluating corporate growth and incorporating financial products from corporate banks.
At the same time, the Corporate Bank established an 'IBK Changgong' at the Integrated Korean Pavilion at the Venetian Expo in Las Vegas to support 8 startups selected through IBK Changgong, an entrepreneurship development platform, to participate in 'CES 2025'.
A corporate bank official said, “We have 6 IBK warehouses in Korea, 2 camps, and overseas desks,” and “we will make it possible for domestic start-ups to receive practical help through the Changgong Center when they want to expand globally.”
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