DGB Financial, "Looking for Startups to Lead Digital Finance"

[Asia Economy Reporter Minyoung Kim] DGB Financial Group announced on the 5th that it is recruiting the 2nd cohort for ‘DGB FIUM LAB,’ which will lead digital finance.

In FIUM LAB, ‘FIUM’ combines the ‘F’ from Fintech and the ‘I’ from Innovation, meaning ‘to make fintech innovation bloom (Fium).’ It was established in June last year as the first of its kind in regional financial sectors to lead digital finance in the era of the 4th Industrial Revolution.

Selected companies will collaborate in a dedicated space for FIUM LAB located on the 5th floor of the DGB Daegu Bank 2nd Headquarters in Suseong-gu, Daegu.

The 2nd cohort of FIUM LAB is recruiting in two tracks: the ‘Incubator Track’ for early-stage startups and the ‘Open Innovation Track’ for existing startup companies aiming to develop new financial services or create new models.

Companies wishing to apply can download the required documents announced on the DGB Financial Group website and submit them by the 24th. After document screening and interview processes, the final selected companies will be announced around the 5th of next month, and the program will begin in mid-March.

Companies that successfully complete the approximately six-month program will have opportunities to attract investment through demo days and showcases scheduled for the end of this year, as well as chances to present business models developed in collaboration with DGB Financial affiliates.

This content was produced with the assistance of AI translation services.