RPA is a solution to support the automatic execution of defined tasks. When RPA is applied to the financial business, many of simple tasks can be standardized so that they can be quickly processed. As a result, humans can focus on more valuable, creative tasks.

Through this contract, POSCO ICT's RPA technology and IT professional of Hana Financial know how's in the financial IT can be combined jointly pursue the project that aims to expand the scope of RPA to domestic financial companies including Hana Financial group. Also, in the project to develop the use of AI and big data for the financial business, both companies will cooperate to achieve linkage between different industries and expansion of open innovation.

POSCO ICT has successfully implemented the world's first smart factory in the steel manufacturing process for the main heavy industry company in Korea, POSCO and also expanded it to other sectors such as power generation, construction, woods, petroleum refinery and chemicals, securing its position as the leader in the field. Furthermore, it has begun to, since the beginning of the year, purse the smart management project where AI and big data that used to be applied to the manufacturing and production site are applied to the company management areas. As the first step, it has pursued the RPA commercialization and applied the results to the group's affiliates. It is the first Korean company to develop a cloud-based RPA solution.

An authority from POSCO ICT said "Smart management has passed the early phase of standardized business automation with RPA, and it will evolve toward the next generational ERP where they can make a decision based on AI and big data in every area,” and added "Through this cooperation opportunity, we will acquire the optimal RPA solution for the financial sector and will expand the scope of application even further.”

An authority from Han Financial IT said, "This contract will bring us the improved accuracy and productivity with the optimal RPA solution for the financial business," and added, "As a result, the workload will be reduced, and our employees will be able to focus on more creative tasks."