Kookmin Bank and Ajou University have signed an agreement for cooperation in the field of big data and artificial intelligence.

KB Bank President Hur In and Ajou University President Park Hyung-ju agreed to deepen academic and banking cooperation.

Ajou University’s Industrial Mathematics Center, Big Data Center and Data Science Department will participate in the project.

Ajou’s Data Science professor Chung Jae-hoon has successfully used mathematics in diagnosing cardiovascular diseases. This theory has been widely used in detecting cancer patients, analyzing brain visual data analysis and sports marketing.

KB expects Ajou University to help the bank use big data and AI in analyzing patterns of consumers, managing risk and detecting abnormal transactions.