The FSC selected Minds Lab as a designated fintech to provide financial services on behalf of Hyundai Marine & Fire Insurance on February 5.

Minds Lab will provide a one-stop automated loan processing service using artificial intelligence (AI) and voice recognition technologies. It will help reduce costs and save time while improving service standards.

The FSC has made thirty-four such designations so far since May 2018. Application for the next round will be open from February 15 to April 30, 2021, with the results expected to be announced in July this year.

* Please refer to the attached PDF for details.