Saemaul Financial Cooperative to Build Its Own AI Platform

The Saemaul Financial Cooperative Central Association has initiated the development of an in-house generative AI platform, marking a shift in the financial sector's trend toward internalizing AI capabilities. The move aims to establish a stable foundation for integrating AI into internal operations, addressing data security concerns that prevent financial institutions from relying on external AI services. By operating AI models within its internal network, the cooperative will enhance control over data access, usage tracking, and system maintenance, while improving operational efficiency through automated tasks like document retrieval, query responses, and report generation. This initiative also establishes a standardized AI framework for the broader cooperative network, enabling consistent service deployment across all branches.