In the financial sector, the construction of a multi-hybrid cloud environment is spreading, where security-critical tasks are processed in internal systems and other services are utilized in the public cloud.

LG CNS signed an MOU with Mirae Asset Life Insurance to build a next-generation system that accelerates artificial intelligence (AI) and cloud innovation. The project is worth approximately 130 billion won and is scheduled to be carried out over the next two years.

With this agreement, the two companies plan to pursue various collaborations, such as establishing a next-generation system as well as an AI research and development (R&D) cooperation system and jointly discovering new business models.

The core of this project is building a multi-hybrid cloud environment.

LG CNS implements a hybrid cloud system that combines a multi-cloud that uses various cloud services such as Amazon Web Services (AWS), Microsoft, and Google Cloud, and a private cloud operated by the company itself.

Through this, Mirae Asset Life Insurance will have a more flexible IT infrastructure by processing security-critical tasks within the internal system and utilizing the public cloud for other services.

The financial industry is characterized by processing massive amounts of data and requiring a high level of security.

A multi-hybrid cloud environment helps financial institutions operate their IT infrastructure more efficiently and safely.

First of all, in the financial sector, private clouds are essential to protect customers' personal information and strengthen the security of internal systems.

At the same time, it is effective to utilize public clouds in parallel to increase business agility and introduce the latest IT technologies.

Additionally, by utilizing multi-hybrid clouds, companies can reduce operating costs by selecting the optimal cloud environment based on the nature of their data.

IT infrastructure management is easy because cloud resources can be flexibly expanded or reduced as needed.

Accordingly, financial institutions are accelerating the introduction of AI-based services.

Data analysis, customer-tailored product development, and AI-based consulting through cloud infrastructure Innovative features such as services can be quickly applied.

In addition, Mirae Asset Life Insurance's business system is expected to undergo a groundbreaking overhaul.

We plan to support the faster launch of customized insurance products by streamlining the overall process, including product development, insurance contracts, deposits and withdrawals, accounting, and sales management.

In particular, we will introduce a generative AI platform to enable employees to search and utilize the information they need for their work more quickly.

In the future, an AI-based customer consulting system will also be developed to improve service quality.

LG CNS CEO Hyun Shin-kyun said, “We will fully support Mirae Asset Life Insurance so that it can innovate its business with AI-based next-generation systems,” and “We will build the AX (AI Transformation) ecosystem to achieve sustainable growth.”