BC Card to build legal AI platform for contract review, ad screening

BC Card is moving to build a legal AI platform designed to support compliance work at financial institutions, including contract review and advertising screening.

The company signed a "Legal AI Platform Development MOU" with legaltech startup A2D2 at its headquarters in Euljiro, Jung-gu, Seoul, on Tuesday.

The two companies plan to develop a legal AI platform tailored to compliance functions at financial firms and jointly verify its practical applicability in real work environments.

BC Card will identify compliance tasks suited for AI — starting with contract review and advertising screening — and build a test environment reflecting its operational requirements and internal standards. The company will also design evaluation criteria, work processes and control frameworks to verify the accuracy and usability of AI-generated results.

A2D2 holds technology for digitizing and analyzing large volumes of legal documents using generative AI. Under the agreement, it will provide a legal AI engine and help ensure that BC Card's internal standards and operational characteristics are reflected in the AI solution.

The two companies will assess the platform's operational efficiency, accuracy and stability before deciding whether to proceed with full adoption. They will also discuss expanding the platform's scope to BC Card's member companies and affiliates.

BC Card has previously taken part in broader discussions on AI adoption in the financial sector. The company attended a field forum on AI transformation in the financial industry hosted by the Financial Services Commission in June, where participants discussed trends in AI agent adoption and future improvement tasks. The forum also saw the release of a revised guideline incorporating seven core AI principles for the financial sector.

"For financial institutions to deploy generative AI, it is important to satisfy not only operational convenience but also accuracy, security and internal control standards," BC Card Executive Director Oh Seong-su said. "We will verify the potential of AI in actual compliance work, including contract review and advertising screening."