NH Investment & Securities CEO Jeong Young-chae, left, poses after signing a memorandum of understanding with Kakao Enterprise chief Andrew Baek on Feb. 27. Courtesy of NH Investment & Securities

Brokerage house will introduce AI, digital innovation

NH Investment & Securities said on February 17 that the brokerage will team up with Kakao Enterprise to apply state-of-the-art technologies like AI to its business.

Toward that end, the Seoul-based brokerage house signed a memorandum of understanding with Kakao in an event where the two outfits’ heads took part.

Under the alliance, NH will try to raise the efficiency of its internal communication channels as well as transform its environment to the digital-based workplace.

In addition, the two companies will take advantage of such AI technologies as voice recognition, speech-to-text conversion, and text analytics.

Topping other things off, NH will brace for a corporate messenger platform of Kakao Enterprise.

In addition, mutual cooperation will include such areas as cloud, big-data management, platform-as-a-service, and software-as-a-service.

We are happy to mint a partnership with Kakao Enterprise, which has a technological edge in platform and content. The two companies will be able to create new business models by combining financial know-how and advanced technology,” NH CEO Jeong Young-chae said.

NH Securities was launched in 2006 when Sejong Securities was incorporated into the National Agricultural Cooperate Federation, otherwise known as Nonghyup.

Currently, CEO Jeong heads the outfit, whose largest shareholder is NH Financial Group. Its stake is 76.09 percent.