IDB Sustainability Week

Upstage became the first Korean AI startup to attend Sustainability Week 2022, hosted by the Inter-American Investment Corporation under the Inter-American Development Bank (IDB), showcasing financial innovation technology to global companies across the Americas.

The event ran from June 28 to July 1 at the Hilton Hotel in Miami, USA, in a hybrid format combining in-person and online participation, drawing around 300 senior on-site figures and around 1,500 online attendees. This year's theme was 'From Thinkers to Doers,' with sessions across five key areas: climate action, financial innovation, sustainable value chains, sustainable digital innovation, and just transition.

Building on paper presentations at international conferences such as NeurIPS, AAAI, ACL, and EMNLP and achieving double-digit Kaggle gold medals, Upstage ran an online booth as a showcased best practice in financial innovation with support from the Korean government. There, it introduced the Upstage AI Pack to global companies.

The Upstage AI Pack is a one-stop solution that allows customized use of the following three AI technologies:

• OCR technology that converts desired information from images into data
• Recommendation technology that reflects customer information and product/service characteristics
• Natural language processing search technology that finds information with similar meaning

Among these, Upstage OCR Pack was introduced as a core solution targeting document work automation in the financial sector. It recognizes text with high accuracy not only in structured documents but also in unstructured images containing handwriting, and supports data processing, modeling, and continuous updates for AI utilization, helping businesses immediately apply the latest AI technology in the field.

This year's event also included global financial companies such as Bank of America, Citibank, and JP Morgan, along with 8 Korean fintech companies including Coupang Pay, Toss, and Sentbe. CEO Kim Sung-hoon expressed his pleasure at having the opportunity to introduce Upstage's AI Pack to global customers, and stated that he would continue to promote AI innovation not only to financial customers but also to a wide range of global companies going forward.