In an insightful interview, Lee Jung-woon, Chief Legal Officer (CLO) of fintech platform Bank Salad, discussed the transformative potential of generative AI in achieving inclusive finance. He described AI agents as autonomous tools that empower users to manage their assets effortlessly. With a background in IT and data law, Lee believes that financial innovation through AI will democratize access to financial services, allowing everyone, regardless of their financial knowledge, to benefit. He highlights the concept of “MyData,” enabling individuals to control and leverage their data for tailored financial solutions, like optimizing loan interest rates. Bank Salad aims to address common borrower concerns by utilizing AI to streamline processes like credit score improvement and loan comparison. Lee advocates for regulatory advancements similar to Australia’s Consumer Data Rights system, promoting a proactive approach to data management in Korea. His vision positions AI as a crucial driver in revolutionizing finance and enhancing life quality across various sectors.
Source link
Share
Read more