Students of the Department of Information and Communication Engineering propose a helper service to achieve financial goals using banking apps.

Enhancement of major and practical skills at the same time during participation in the project for 10 months

[July 05, 2023]

<Students of YU Department of Information and Communication Engineering receiving grand prize in “The 1st Korea Digital Talent Nurturing Project” and Deputy Director Kim Byung-chil of Financial Supervisory Service>

(Photo provided by DGB Financial Group)

YU students received grand prize in “The 1st Korea Digital Talent Nurturing Project - IT’s DGB, IM Challenger” hosted by DGB Financial Group.

This is a project conducted to foster local digital talent and is a contest for financial-related services and product ideas applied with digital technology. It was hosted by DGB Financial Group and sponsored by the Financial Supervisory Service, Google, Microsoft, and Amazon Web Services (AWS).Beginning with the application process in September of last year, the teams that advanced to the final round were selected through preliminary evaluation of the proposal and evaluation of the presentation of the final round.The team advancing to the final round went through 4 weeks of AWS intensive training and 4 months of research projects in February of this year and held the final round on June 27 last year to announce the final research results.

As the result, K2PSL team, composed of YU Department of Information and Communication Engineering students KIM Jae-beom, KANG Hyeon-joo, SOHN Hee-jung, PARK Si-hyeon, and LEE Su-yeon, won the grand prize.The winners of the grand prize are YU Information and Communication Engineering studentsreceive a prize of KRW 10 million and an opportunity to visit the AWS headquarters in the US.

The idea proposed by YU students is “Sohwakhang,” a helper service for achieving financial goals using DGB Financial Group’s own app, IM Bank.In this service, when financial consumers set their own financial goals through a smartphone app, artificial intelligence creates a personalized quest (a task that users must perform in an online game) based on the consumer's financial information, “My Data.”It embodied the idea that consumers can fulfill this quest and eventually achieve their personal financial goals.It received good reviews for being able to achieve financial goals while enjoying it like a game through detailed quests created by artificial intelligence based on My Data.

Student KIM Jae-beom of YU Department of Information and Communication Engineering said, I came up with the idea of how to use My Data to achieve my vague financial goals, and proposed “Sohwakhang.” During the research period of the project, technical advice from field experts of DGB Financial Group, who participated as mentors, was very helpful.We were able to set up and materialize the overall flow of ideas.We were able to develop not only our major skills but also our practical skills while working on the project for about 10 months.

Meanwhile, “The 2nd Korea Digital Talent Nurturing Project - IT’s DGB, IM Challenger” will accept applications from August 1st.The application deadline is October 13 and the participants are university (graduate) students and young people (excluding the metropolitan area) nationwide.The award-winning team receives benefits such as tours to global corporate headquarters and preferential treatment when applying for jobs at DGB Financial Group.