Hana Bank Launches AI Pension Investment Service in Mobile App

Hana Bank is rolling out a service that uses artificial intelligence to help manage pension assets from contributions through withdrawals.

The bank said Tuesday it will offer an integrated “AI Pension Investment Solution” service through its mobile app, New Hana 1Q.

The service uses AI to assess a customer’s investment profile and existing assets and recommend an optimal portfolio. It was developed through joint research with Hana Financial Group’s dedicated AI organization, the Hana Financial Convergence Technology Institute.

For defined-contribution (DC) and individual retirement pension (IRP) customers in the accumulation phase, the tool proposes a portfolio centered on five asset classes — including stocks, bonds and alternative assets — based on the customer’s retirement timing and target assets.

For IRP customers age 55 and older in the withdrawal phase, it analyzes the pension payout cycle and amount and supports an operating strategy built around six asset classes, including funds, exchange-traded funds (ETFs) and deposits. The withdrawal tool can generate more than 1,000 portfolio combinations and provides a daily list of candidate investment products reflecting changes in market conditions.

“Pension assets have been expanded into an investment solution that reflects life stages and management goals,” said Cho Young-sun, deputy head of Hana Bank’s retirement pension group. “We will continue to introduce innovative services by proactively identifying customers’ pension management needs.”