The race to implement AI in the financial sector has entered a new phase with ITcen&Tech securing the contract to overhaul Shinhan Bank’s legal and payment settlement systems. This project is far more than a simple system upgrade; it marks the first-ever application of an AI development methodology and an on-premise small Large Language Model (sLLM) to core banking operations, positioning it as a critical turning point for the industry’s AI transformation (AX).
Rebuilding Legal and Financial Infrastructure with Zero Tolerance for Error
The domain of legal fund settlement—handling court deposits, custodial funds, and service fees—demands absolute precision where not a single error is permissible. ITcen&Tech’s solution confronts this challenge head-on with automated coding, automatic output generation, and advanced refactoring techniques. Through these technologies, the company plans to migrate a complex legacy system to a modern Java environment, simultaneously enhancing both development productivity and final quality.
At the core of the newly architected system is an sLLM-based operational support function. This will streamline the multifaceted tasks of the legal team and enable real-time tracking of fund flows. Automated settlement and reporting capabilities, in particular, are set to deliver a dramatic improvement in customer response speeds.
An Intensive Nine-Month Build Process
Kicking off in February with a target completion date of October, the project’s design was refined through multiple pilot tests before the full-scale launch. “We fine-tuned the AI development methodology during the pilot phase before proceeding with the main project,” explained an official from Shinhan Bank’s financial business division. Both companies are laser-focused on a single objective: launching a ‘flawless system’ built on rigorous quality control and unwavering security compliance.
A Clear Signal to the Financial IT Industry
This major contract win, a collaboration with one of South Korea’s leading financial institutions, cements ITcen&Tech’s technical prowess in the market. Earning the trust of a major bank is a significant coup, especially amid the current frenzy of AI adoption in finance. This achievement provides ITcen&Tech a crucial springboard to evolve into a company with globally competitive AI capabilities.
“We will create a model case for financial IT innovation based on the trust between our two companies,” stated a representative from ITcen&Tech’s financial business division. “We will pour all our technical capabilities into ensuring Shinhan Bank secures top-tier global AI competitiveness.”
The Starting Gun for Financial System Modernization
The success of this project will resonate far beyond a single bank’s system upgrade, promising to have a massive ripple effect on the digital transformation of the entire financial sector. Shinhan Bank’s pioneering move is set to be the catalyst that triggers other financial firms to pursue their own AI-driven system overhauls. For a market that has been weighing legacy modernization against AI adoption, this project provides a clear roadmap. Ultimately, this initiative serves as a crucial testbed, offering a blueprint for the future of financial IT—one that marries uncompromising accuracy with unprecedented speed.
[참고 문헌 및 출처]
- datanet.co.kr
- ddaily.co.kr
- inews24.com
참고문헌
- >vertexaisearch.cloud.google.com – byline.network
>vertexaisearch.cloud.google.com – ddaily.co.kr
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