Financial Security Institute Hosts 'Financial Big Data Idea Contest'

[Asia Economy Reporter Kwon Haeyoung] The Financial Security Institute announced on the 13th that it will hold the '2020 Financial Big Data Idea Contest,' sponsored by the Financial Big Data Council, to discover fresh and creative ideas that can lead the data economy era.

Anyone interested in financial big data ideas, such as data-utilized financial products and services, national policy and improvement of citizens' lives, activation of financial data utilization, and measures to revitalize data distribution and data exchanges, including university students, financial company employees, and the general public, can apply.

The grand prize winner will receive the Financial Security Institute Director's Award and a prize of 2 million KRW, with the award ceremony planned to be held at the 'Financial Information Security Conference (FISCON) 2020' in November. In 2019, the grand prize was awarded for providing hot place congestion information using payment data, and in 2018, for developing financial products using travelers' smartphone location data.

Applicants can check the application form on the Financial Security Institute website and submit it via email by September 14.

The Financial Security Institute plans to share the ideas discovered through this contest with the Financial Big Data Council and the financial sector to utilize them in developing innovative data-driven financial products and services.

Kim Young-gi, Director of the Financial Security Institute, stated, "With the institutional foundation for data utilization established following the amendment of the Data 3 Act, innovative data-driven financial products and services are expected to become active, centered on the financial sector. We hope for much interest and participation so that fresh and creative financial big data ideas that can lead the data economy era can be discovered through this contest."

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