Financial Security Institute Implements Organizational Restructuring to Support Data Innovation and Digital Transformation in the Financial Sector
Reorganization of Existing Financial Data Strategy Department into Data Innovation Center
[Asia Economy Reporter Kwon Haeyoung] The Financial Security Institute conducted an organizational restructuring and personnel changes on the 30th to ensure the smooth execution of functions and roles related to supporting the use of financial sector data and information protection for the activation of the data economy.
This is to strengthen support functions for the financial sector in line with the amendment of the "Act on the Use and Protection of Credit Information," which will be enforced in August.
The Financial Security Institute first reorganized the existing Financial Data Strategy Department into the Data Innovation Center. The Data Innovation Center performs tasks such as building and operating the financial data exchange (Data Platform Team), acting as a data specialized institution (Data Utilization Support Team), conducting continuous evaluations of personal credit information usage and management status (Personal Information Protection Team), and supporting security for MyData services (MyData Team).
Additionally, to efficiently respond to the increasing demand for new security evaluations due to the digital transformation of finance, including cloud, open banking, and fintech, a DT Evaluation Office was newly established within the Security Evaluation Department, with the DT Collaboration Evaluation Team and Fintech Evaluation Team assigned.
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Kim Young-gi, President of the Financial Security Institute, stated, "With this organizational restructuring, the Financial Security Institute will faithfully perform its support role in security so that data can be safely utilized in the financial sector to provide innovative services," and emphasized, "We will also efficiently respond to new financial security demands arising from the digital transformation of finance such as cloud, open banking, and fintech, creating a safe digital financial usage environment for financial companies and consumers."
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