Korea's SBI Savings Bank Signs MoU With Blockchain and AI Specialist

According to online South Korean Media portal Money Today, South Korea’s SBI Savings Bank has signed an MoU with DAYLI Intelligence, a specialist in AI and blockchain technology, to bolster its fintech business. DAYLI Intelligence which provides both AI and Blockchain solutioins for financial institutions will assist SBI in implementing Blockchain and machine learning. DAYLI will use LoopChain protocol as part of the ICON ecosystem to serve interoperable decentralized networks.

The LoopChain is made up of a distributed ledger, smart contract that can be implemented for authentication systems, settlement, trading and IOT.

SBI will also work with DAYLI on integrating its marketing smartchat bot solution DAVinCI BOT and a machine learning data analytics tool dubbed DAVinCI LABS.