[DISCLOSURE] The Korea Advanced Institute of Science & Technology and Shinhan Bank (055550) have signed an agreement for industry-university cooperative research to develop the financial industry’s first big data, the bank reported on Sept. 5.

The research team will first monitor all types of variables, collect data of its retail consumers via questionnaires and establish the development analytic model by the year-end.

By Yun Jeong-hyeon (clareyun@heraldcorp.com)