IBK partners with SK Telecom on AR and big data analysis

Home > Business > Industry

print dictionary print

IBK partners with SK Telecom on AR and big data analysis

The Industrial Bank of Korea (IBK), a state-run lender, partnered with SK Telecom (SKT) to cooperate on big data analysis and augmented reality, the two companies announced on Wednesday.

The mobile carrier’s data on communication expenses will be used in IBK’s new lending services, tailored for small- and medium-sized enterprises (SMEs).

T Map, the telecom company’s popular navigation app, will also provide real-time information on bank branches, such as waiting times.

The bank will deploy SK Telecom’s augmented and virtual reality technology to build a branch with little human presence.

By Park Eun-jee

More in Industry

Hanjin Transportation selling 100 billion won of new shares

GS Retail has tough second quarter

Rain ready

I'm flying

Kakao sees record net profit at 145 billion won in Q2

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now