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Total : 38
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INNORULES joins hands with LG Hitachi to spread the excellence of K-software in Japan
INNORULES(CEO Kim Kil-Kon) announced on the 17th that it had supplied its "Digital Decision Manager(DDM)" to Hitachi Manufacturing(CEO Toshiaki Higashihara), a Japanese multinational corporation, for its digital conversion project. It is noteworthy in that it was achieved in fierce competition with global software companies that dominate the market based on capital power and brand awareness.DDM is a solution that integrates standard information and business rules for decision-making within a company. It has achieved digital innovation by implementing complex logic judged by the financial manager according to the company regulations. After applying INNORULES' DDM, the task of verifying if bills comply with company regulations. The person responsible for this task now only checks the cases considered incomplete.In 2015, INNORULES partnered with Hitachi to advance into the Japanese market and signed a large-scale contract with Japanese financial institutions. Since then, Hitachi has been the ambassador of INNORULES' solution, providing stable maintenance services for Japanese customers through local support centers. "With the introduction of InnoRules(DDM) by the Hitachi Manufacturing's finance division, we are looking forward to discovering new customers in Japan that are pursuing digital transformation," said LG Hitachi, head of the solution business division. Kim Kil-Kon, the CEO of INNORULES, expressed strong confidence in entering the global market, saying, "Based on our performance in the Japanese financial market, we will be able to achieve notable results in the global market through active sales and marketing."
VIEW MORE21.05.27
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Artificial Intelligence Research Institute(AIRI) & INNORULES initiates cooperation
The Artificial Intelligence Research Institute announced on the 27th that it has decided to jointly develop an insurtech technology with INNORULES to expand the artificial intelligence RPA(Robotic Process Automation) business.Insurtech is a compound word for insurance and technology. It refers to a service that innovates the existing insurance industry using technologies such as big data analysis, artificial intelligence, and the Internet of Things.INNORULES, joined by Artificial Intelligence Research Institute, is an insurtech company with the largest share of the DPM (Digital Product Information Management System) market.Through this cooperation with INNORULES, AIRI expects to develop a service that supports product design inside insurance companies and provides services to insurance companies, solicitors, and insurance consumers along with the previously launched insurance fitting services. In December last year, AIRI launched an insurance fitting app for insurance solicitors and insurance consumers. This service does not stop at customer insurance contract inquiries and analysis of existing insurance and also provides accessible insurance design functions for more than 20 insurance products from 10 insurance companies.Kim Young-hwan, the CEO of AIRI, said, "INNORULES has many of the country's leading insurance companies as customers, and AIRI aims to become an AI insurtech company. A joint effort of two companies will create an opportunity to promote digital transformation and innovation in the insurance industry."
VIEW MORE21.01.27
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INNORULES advances into Southeast Asia's fintech industry with Kreditech (KFA)
On December 22, 2020, INNORULES, a domestic digital transformation software solution provider, announced that it has entered the Southeast Asian fintech market by signing a contract to supply a credit scoring system with Indonesia's Kreditek Financial Access (KFA).Through this contract, INNORULES plans to provide its digital decision management system (Digital Decision Manager; hereafter referred to as DDM) to Kreditek and digitalize its decision system that is used by many local banks.It is noteworthy in that it was achieved amid fierce competition with giant global software companies that are preoccupying the market based on capital strength and brand recognition.Kreditek is a joint venture between Indonesian IT company Exlayer and the Dutch financial advisory firm Financial Access. Currently, it provides data collection, workflow management, credit scoring, and repayment solutions to about 20 banks in Indonesia.INNORULES' DDM will be applied to all Kreditek's customers, and the number of banks using INNORULES solution is expected to increase gradually. In this regard, a person in charge of the company said, "The flexibility and speed of the solution provided by INNORULES will be a strong competitive edge in attracting new customers."In July 2020, INNORULES signed a partnership with InfoConnect, Malaysia, and achieved the first export to Southeast Asia in about four months. The main clients of the two companies are from the financial and insurance sector, which is the reason behind the achievements in such a short period. Another reason for the quick success is the fact that INNORULES already had a number of large domestic insurance companies and Japanese insurance companies, known for their strict quality standards, as customers.Starting from this contract, in the first half of this year, INNORULES and InfoConnect will also begin sales of the Digital Product Manager (DPM) for local insurance companies, and a lot of demands from local insurance companies are expected.INNORULES’ CEO Kim Kil-Kon said confidently, "This contract has proved that INNORULES is attractive not only in the domestic market but also in the global scene."Meanwhile, INNORULES announced that it had prepared a foothold for pioneering the global market by preparing to launch products in various languages through the '2020 data voucher project’ hosted by the Korea Data Agency (KDATA).
VIEW MORE21.01.21
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INNORULES accelerates global business by building multilingual data
INNORULES (CEO Kil-Kon Kim) is starting a full-fledged overseas expansion and service advancement by building multilingual version data of its solutions through the data voucher business.Korea Data Agency (KDATA) selected INNORULES as the beneficiary for its 'Data Voucher Support Project for the second half of 2020'. With this project, INNORULES localized the data processing business for global advancement with Twig Farm (CEO Baek Seon-ho), a provider of artificial intelligence-based translation solutions. INNORULES built a translation dictionary using Twig Farm's artificial intelligence-based translation management system. Based on the translation dictionary, INNORULES plans to create a multilingual (Chinese, Russian, Vietnamese, etc.) version of its solutions. At the same time, Twig Farm supported INNORULES to lay the foundation for successful overseas expansion by providing systematic localization and customized data processing services.INNORULES developed the digital product information management system 'InnoProudct' based on the self-developed digital decision support system 'InnoRules' to establish product management systems for many domestic financial companies, including insurance and credit cards, as well as global manufacturers and large-scale telecommunication companies.INNORULES has completed the Japanese localization of its representative solutions, 'InnoRules' and 'InnoProduct', but has been delaying entry into other global advanced markets due to the insufficient multilingual data system of the solution. It is expected that successful localization and overseas expansion will be accelerated by enabling efficient multilingual management based on data through this project. INNORULES has completed its solution's Korean, English, and Japanese versions and plans to complete the Chinese version by the first half of next year.INNORULES' CEO Kim Kil-gon said, "With this data voucher support project, globalization and localization will be improved, and the newly launched artificial intelligence-based disease prediction solution (InnoLife) will be able to enter overseas markets. It is expected that globalization will be accelerated by not only improving the value of solutions but also laying the foundation for sustainable growth in the future by applying advanced technologies."On the other hand, Twig Farm's CEO Baek Seon-ho said, "Using GconStudio, an artificial intelligence-based translation management system, we provided INNORULES a customized data service by analyzing the translated documents. With this project as an opportunity, both companies will be able to advance their experience and know-how in data utilization and emerge as a global solution representing Korea in the future."Twig Farm provides artificial intelligence specialized translation solutions through natural language processing (NLP) technology based on deep learning and professional translators. The field of professional translation is also diverse, such as chemistry, biotech, and patents, and it continues to expand into other languages based on artificial neural network translation technology. Recently, we signed a contract with Morningside Translation, the world's top patent company, and are providing MTPE (Machine Translation Post-Editing) patent translation service that combines AI-based machine translation and professional translator's review. In addition, Gcon Studio has obtained GS Grade 1, ISO 9001, and ISO 14001 certifications and has been selected as the Digital Innovation Grand Prize, K-Global 300, and Future Leading Innovation Leader.
VIEW MORE20.12.03
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INNORULES signs a partnership with InfoConnect.. Laying a foothold to supply key software solutions
INNORULES which recently signed a partnership with a Malaysian IT company, InfoConnect, announced that it has laid a foothold to supply its digital transformation core software solutions to Southeast Asian countries such as Thailand, Indonesia, and Vietnam.INNORULES previously signed contracts with Japan and CIS (Commonwealth of independent states) countries to supply various software solutions necessary for digital transformation of companies and financial institutions. INNORULES expects to overcome the COVID 19 recession in the SW industry through global market expansion.InfoConnect, INNORULES' global partner business, is a Malaysian IT company developing and selling business management and integrated business management software solutions. It is a software company specializing in Southeast Asia.An official from INNORULES said, "We have significantly reduced the time and cost of market development through the direct dispatch of domestic employees. INNORULES expects to accelerate the expansion of the overseas market through marketing and sales strategies tailored to local circumstances."The products INNORULES is working on to globalize are DDM (Digital Decision Manager, Digital Decision Support System) and DPM (Digital Product Manager, Digital Product Information Management System), key software solutions for digital transformation. INNORULES currently holds an 80% market share in the domestic insurance SW solution market. An official from INNORULES said, "In response to the social distancing restrictions, INNORULES will not only sign a partnership contract with overseas customers, but also provide product training to DDM/DPM in a non-face-to-face manner." he added, "We are creating materials containing industry-specific use cases to capture the interests of potential clients. We are also releasing various audio visual contents to strengthen and support overseas partners' sales and consultants."Kim Kil-Kon, the CEO of INNORULES, said, "We are maintaining our reputation as a leader in digital transformation software provider in the Korean market by supplying digital transformation software solutions to insurance and financial institutions. InfoConnect, which recently signed a partnership, shows that if a local company develops a market in neighboring countries, it will be possible to reduce time and cost significantly."Lim Tong Pheng, the CEO of InfoConnect, commented, "There will be many demands from Thailand, Indonesia, and Vietnam market for INNORULES' digital decision manager (DDM) and digital product information management system (DPM), as they are especially from Korea. It will be recognized as a core strategic product by increasing the business productivity of insurance and financial institutions."Meanwhile, INNORULES plans to diversify export regions to Europe and North America in addition to Asia to minimize the impact of COVID-19 and promote product development tailored to regional characteristics. Earlier this year, INNORULES established a branch office in Silicon Valley, USA, and plans to open two European branches, including Frankfurt, Germany, to advance financial markets. INNORULES announced that it will reinforce the organization for this purpose and is drawing a blueprint to achieve 30% of global sales by 2023.Digital Decision Manager (DDM) can create business rules easily and apply them to the company's IT system. There are many advantages to introducing DDM. The person in charge manages business rules using the integrated rule management tool. △ Integrated policy management △ Direct application of creation and edition of policies to the system in business language △ Separation of business rules from the system for improving work efficiencyDigital Product Manager (DPM) is a product information management system that supports the development of new products quickly and easily by disassembling and assembling the product information, structure, and attributes that makeup products as a solution to these problems. InnoPoduct's integrated management of product information and business rules based on a powerful self-development rule engine provides flexibility to accommodate changes in the internal and external environment and quickly apply changes to the enterprise system.
VIEW MORE20.09.11