2022/06/29

• Upstage, the first AI startup in Korea to attend 'Sustainability Week 2022'

• Opened an online booth in the field of 'Financial Innovation' and introduced innovative AI technologies in the financial sector such as 'Upstage OCR Pack'

• 1,800 people were invited, and the event was held in Miami and online for four days from the 28th to the 1st of July.

(Upstage = 2022/6/29) Korea's leading AI startup, Upstage, will introduce financial innovation technology through AI to global companies in the Americas.

Upstage (CEO Kim Seong-hoon, www.upstage.ai ) participated in the 'Sustainability Week 2022' (hereinafter referred to as Sustainability Week) event held in the US and online for four days from the 28th to the 1st of July in Korea. It was announced that it will be the first AI startup to attend.

SUSTAINABILITY WEEK IS THE BIGGEST EVENT OF THE YEAR HELD BY THE INTER-AMERICAN INVESTMENT CORPORATION (IDB), IN CHARGE OF THE PRIVATE INDUSTRY OF THE INTER-AMERICAN DEVELOPMENT BANK (IDB), FOR 23 YEARS SINCE 1999. IT WAS OPENED. LATIN AMERICA IS AN EMERGING MARKET WITH A POPULATION OF 640 MILLION AND A GDP OF USD 5 TRILLION.

This year's Sustainability Week, which is attended by over 300 high-ranking local officials and 1,500 online invitees, is a four-day online-offline hybrid event with hundreds of speakers attending the plenary session, including ▲climate action ▲financial innovation ▲ Sustainable solutions and best practices for economic and social development in Latin America will be shared in various sessions across five areas: Sustainable Value Chain, Sustainable Digital Innovation, and Just Transition.

Upstage is excellent in the field of 'financial innovation' with the support of the Korean government, which participated as a diamond sponsor, based on AI technology leadership proven by papers presented at international AI conferences such as NeurlPS, AAAI, ACL, EMNLP, and Kaggle double-digit gold medal awards. As an example, we open an online booth and introduce 'Upstage AI Pack' to global companies. 

'Upstage AI Pack' is attracting attention as a one-stop solution and a representative no-code and low-code service that helps customers to make customized use of 3 AI technologies: OCR technology that data the desired information in an image, recommendation technology that takes into account customer information and product and service characteristics, and high-performance natural language processing search technology that can search for information with similar meanings.

In particular, the 'Upstage OCR Pack', which has been spotlighted as a key solution for digital innovation for business automation by companies in the financial sector with a lot of document processing, uses an AI engine to print text with high accuracy not only in standardized documents but also in unstructured images such as handwriting. Not only recognition, but also data processing and AI modeling for AI utilization, as well as support for continuous update, help to use the latest AI technology in the field.

In this year's Sustainability Week, global financial companies such as Bank of America, Citibank, and JP Morgan, as well as Upstage, 8 leading fintech companies in Korea such as Coupang Pay, Toss, and Sentbe will also participate.

UPSTAGE CEO KIM SEONG-HOON SAID, “I AM DELIGHTED TO BE INVITED TO THIS GREAT OPPORTUNITY TO INTRODUCE 'UPSTAGE AI PACK' TO GLOBAL CUSTOMERS WHO ARE EXPECTING FINANCIAL INNOVATION. WILL CONTINUE TO INFORM,” HE SAID.

Contact

Upstage | Geun-Kyo Kim, PR Director | 010-8229-7240 | keunkyo@upstage.ai

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