A subsidiary of tech company Samsung, Samsung SDS, has announced a blockchain and Artificial Intelligence (AI) based financial platform, Nexfinance
In the press release Samsung explained that ”Nexfinance is a digital financial platform with advanced IT technologies such as artificial intelligence, blockchains, big data analysis, and intelligent process automation”
The Nexfinance platform will provide services such as digital identity, financial concierge, AI virtual assistant, and automatic insurance payments
”Digital identity is a block-chain-based identification that can securely transmit personal information. Financial concierge is a financial asset management service that utilizes artificial intelligence and big data analysis. The AI virtual assistant / claim automatic billing automates the financial institution work, making it possible for the customer to provide fast and convenient services.”, Samsung said
Samsung SDS hopes the AI/blockchain based financial platform will lead digital innovation.