iM Data System announced on the 15th that it signed a strategic Memorandum of Understanding (MOU) with Lomin on the 9th to accelerate the digital transformation of the financial industry through AI-driven solutions.

Established in 2012, iM Data System is the IT subsidiary of iM Financial Group, which aspires to be the “Only One Hybrid Financial Group.” Leveraging its expertise and accumulated know-how in the financial IT domain, the company has been addressing complex customer requirements and spearheading digital transformation initiatives.

Lomin, in particular, has focused on developing AI-powered document processing technologies, enabling enterprises to extract meaningful data from unstructured documents and automate information classification, thereby transforming inefficient business processes.

Through this partnership, the two companies aim to combine their capabilities—iM Data System’s expertise in building financial IT systems and Lomin’s Document AI technology—to accelerate digital transformation and business innovation in the financial sector. They plan to jointly explore and pursue new business opportunities while providing mutual technical and sales support.

Yu Choong-sik, CEO of iM Data System, commented, “This partnership is a significant opportunity to accelerate the digital innovation of the financial industry by combining the strengths of both companies, and to deliver smarter, more intelligent services to our customers.”

Building on this MOU, the two companies plan to become strong partners in driving innovation in the financial IT industry and delivering tangible value to their customers.