Lomin, Participation in Korea Fintech Week 2024, presenting innovative directions for Document AI in the financial sector. -Lomin

Company

Textscope®

Business

Insight

#Press release

Lomin, Participation in Korea Fintech Week 2024, presenting innovative directions for Document AI in the financial sector.

2024. 8. 20.

Showcasing Document AI Solutions Leading the Digital Transformation in Finance

Document AI company Lomin (CEO Kang Ji-hong) announced on the 20th that it will participate in the 'Korea Fintech Week 2024,' which will be held at Dongdaemun Design Plaza (DDP) in Seoul from the 27th to the 29th. Korea Fintech Week is the largest fintech industry exhibition in Korea, hosted by the Financial Services Commission and the Korea Fintech Support Center, with the aim of promoting the fintech industry and raising public interest.

At this event, Lomin will present a new direction for document AI innovation in the financial sector, showcasing its document AI platform, Textscope® Studio, which supports the digital transformation of the financial industry. Textscope Studio uses the latest AI technology, including Large Vision Text Models (LVM), to convert various forms of documents into usable data and implement efficient document processing automation. It also provides a total AI solution that includes all the necessary functions for document processing and automation.

Key solutions include:

Cognition, which integrates document classification and extraction of key information
MLOps, a no-code platform that allows anyone to easily train, deploy, and manage document AI models
Prism, a document-specialized Retrieval-Augmented Generation (RAG) platform that understands documents like a human and extracts information to provide answers
Doc Parser, a document layout analysis solution that converts all document information into 100% usable data.

Textscope has already been implemented in leading companies across various sectors, including finance, public institutions, manufacturing, and trade, such as Mirae Asset Securities, Shinhan Bank, Kyobo Life, Hyundai Motor, National Archives, Korea Intellectual Property Office, and Hanwha Aerospace. The platform has contributed to improving employee productivity, supporting swift decision-making, and enhancing customer experiences.

Lomin’s CEO Kang Ji-hong said, “Lomin’s core competitiveness lies in providing all the AI technologies needed for automating financial document processing. Through this event, where various financial industry professionals gather, we will strive to spread and expand the success stories of digital innovation using document AI solutions.”

Meanwhile, Lomin was selected as a 'Top Performer' in the 'Intelligent Document Processing (IDP)' report published by the global IT research group Gartner, being listed as a representative company in the performance sector. This achievement is evaluated as evidence of Lomin’s technological capability and competitiveness in the global IDP market.

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