Hana, Dunamu team up for AI financial services

Hana Financial Group and Dunamu, the operator of Korea’s crypto exchange Upbit, said Thursday that they signed an agreement to foster a new strategic partnership to develop global financial services backed by artificial intelligence (AI) and blockchain technologies, including digital assets and cross-border payment innovation. The first service to be introduced will apply blockchain technology to the overseas remittance process. Customers will be able to send and receive money and have their transfer information recorded on a blockchain ledger, enabling a faster, simpler and safer global money transfers. The two say that the new system will significantly reduce time and costs compared with existing remittance methods, expanding benefits not only for individual customers but also for exporters, importers and other companies involved in international trade. Hana Bank will introduce blockchain-based remittances between its headquarters and its overseas branches and subsidiaries as early as the first quarter of next year. Once initial technology verification is completed, the two will graduWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times