Samsung SDS, the technological arm of the company, will be in charge of the development of the new platform, which will direct its efforts in the optimization of the digital financial industries.
In this regard, Yoo Hong-jun, vice president of SDS Samsung, commented that:
The objective of this new project will be to launch a version of our digital financial industry in Blockchain, in which traditional processes are mixed with new technologies. This, in addition, will help us solve problems present in the organization.
Apart from the adoption of applications based on Blockchain, the platform will integrate artificial intelligence solutions, big data analysis, intelligent process automation, among other features.
It should be noted that Nexfinance will offer services such as digital identification, financial advice, automated insurance payments and virtual assistance with artificial intelligence; as well as allow clients to build third-party applications on the platform.
Hong Won-pyo, the CEO of Samsung SDS, noted the following:
We have completed the Nexfinance design, which will be focused on the insurance industry and will allow us to continue making progress in the digital financial market.
It is important to see that large companies seek to adopt blockchain technology in their processes to make them more transparent. The great impact and reliability of the entire block chain ecosystem is increasingly noticeable, as it is certified by large businessmen and companies working with it. For all the cryptonauts it is a very pleasant news as the blockchain changed our lives and is changing the world.
