Kakao Bank showcases fintech innovations at leading AI conferences 

Kakao Bank Financial Tech Lab (Kakao Bank)Kakao Bank, a Korean internet-only bank affiliated with Kakao Group, said Thursday that its fintech lab has been showcasing its advancements in artificial intelligence at prestigious conferences like EMNLP and NeurIPS.EMNLP and NeurIPS are widely recognized as the most authoritative platforms in the fields of AI, natural language processing and machine learning. Each year, leading experts, companies and research institutes gather to share cutting-edge research and innovations.At the EMNLP Industry Track last month, Kakao Bank presented a Korean large language model designed to detect phishing scams via SMS and provide detailed explanations for its analyses. To optimize performance, the bank developed a customized machine learning methodology and fine-tuning process, evaluating the model using seven key performance indicators.Kakao Bank’s goal is to develop a generative AI model that not only surpasses existing language models in accuracy but also provides clear evidence for each decision it makes. As part of this effort to enhance financial security, the bank launched an AI-powered smishing detection service in December.The fintech lab has also introduced a “mini diary” feature that uses generative AI to create personalized content based on users’ payment histories. During the research process, the team utilized synthetic data to refine the model’s performance. At the NeurIPS workshop, KakaoBank showcased its work in generating financial table data using LLM technologies, highlighting its ongoing efforts in fintech.Since its launch in 2021, the Financial Tech Lab has been dedicated to advancing AI technologies to enhance the stability and reliability of electronic financial transactions. In addition to applying for patents and publishing research papers, the lab has explored a wide range of fields, including image processing, decision modeling, data generation and blockchain technologies.“We hope our financial tech lab will inspire the fintech industry and drive further innovation,” said a company official. “Our priority is to remain ahead in technological development to ensure customer satisfaction.”