Webcash, a first-generation fintech company that introduced corporate internet banking in South Korea, is transforming into a leading financial artificial intelligence (AI) agent in 2025 as it celebrates its 26th anniversary.

“We are treating this as a complete second founding in line with advancements in AI technology,” Webcash Vice Chairman Yoon Wan-soo said in an interview with Maeil Business Newspaper on Wednesday. “We are changing everything – from our products to our organization and workforce.”

“We will also build our own AI ecosystem as we restructure into a financial AI agent company,” Yoon added.

Webcash may be an unfamiliar name to general consumers, who are likely more familiar with its SME-focused cash management solution, Kyungrinara.

The company is a dominant force in the fintech B2B solutions market with virtually no competitors. It currently serves 40,000 SMEs with Kyungrinara, around 8,700 mid-sized companies with its Branch solution, and 110 public institutions nationwide with its In-House Bank solution.

“We plan to convert all B2B fintech products operated by Webcash into new AI products within 2025,” Yoon said. “We will equip every product with our proprietary financial AI agent, AI CFO.”

The AI CFO is a finance-specialized AI agent developed using open-source platforms such as Meta’s LLaMA and Alibaba’s Qwen.

Yoon described it as “an AI financial assistant that can work 24/7 in place of a human employee.”

“It connects to a company’s financial institutions to monitor real-time cash flow, report status, and even make predictions - using natural language in the form of either text or voice commands,” Yoon said.

A CEO driving to work, for example, could simply say, “Tell me the withdrawal details from yesterday” and receive the information. If they say, “Predict our year-end funds,” the AI would consider all past transactions and provide an estimate along with the basis - such as average income and expenses alongside fixed and variable costs.

A key feature is real-time alerting of unusual transactions, such as sudden large withdrawals, allowing immediate response to errors or potential embezzlement.

Yoon explained that this AI agent will be integrated into all 9 fintech solutions currently operated by Webcash.

The first rollout is a new version of the Branch solution for mid-sized firms, Branch Q, scheduled for release in June 2025. AI-powered products will be launched sequentially this year, with a full market rollout starting in 2026.

“Our first step is to build an in-house GPU center for faster processing and cost-efficient service,” Yoon said. “The next step is converting existing data into formats suitable for AI training.”

With these tools, the company is building a finance-specialized AI development platform and pursuing vertical integration from platform creation to launching AI agent products.

“With AI agents, we will not need traditional solution menus anymore,” Yoon said. “Planners and developers who previously handled those interfaces will thus be reassigned to focus on training the AI agents in financial expertise.”

“We have already invested about 10 billion won ($7.3 million) over the past three to four years in AI transformation, and we plan to invest a further 10 billion won for the GPU center and R&D,” he said.

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