Jeonbuk Bank launches AI-based portfolio recommendation tool

[Courtesy of Jeonbuk Bank]

South Korean regional lender Jeonbuk Bank Co. said Thursday that it has launched Robo Advisor, an artificial intelligence (AI) service that offers investment portfolios to customers.

The AI-based service is designed to analyze investors’ preferences and recommend up to four fund optimal portfolios to its clients, taking into consideration several factors, such as their desired returns and investment periods. It also helps clients to manage their investments.

“We will analyze abundant data to help customers make fact-based, customized investments,” said an unnamed official from Jeonbuk Bank.