Market Chatter: SK Telecom, Shinhan Card Partner on AI-Powered Financial Security

MT Newswires Live11-22

SK Telecom (KRX:017670) and Shinhan Card signed a memorandum of understanding to improve cyber-financial crime prevention through advanced AI integration, Pulse News reported Thursday.

The collaboration will combine Shinhan Card's Fraud Detection System with SK Telecom's Fraud Detection AI for mobile networks and enterprises.

This partnership aims to boost financial security by establishing a safer transaction environment using shared technological expertise, the report said.

Shares of SK Telecom rose nearly 2% at market close on Friday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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