Financial Security Institute Signs MOU with Bank Law Association for Financial Industry IT and Security Research
Kim Young-ki, President of the Financial Security Institute (left), is taking a commemorative photo after signing a business agreement with Ahn Soo-hyun, President of the Banking Law Association.
View original image[Asia Economy Reporter Kim Min-young] On the 8th, the Financial Security Institute and the Bank Law Association announced that they signed a Memorandum of Understanding (MOU) at the Bank Hall to conduct research and cooperation on IT, security, and legal systems in the financial industry in response to changes in the digital financial environment.
The two organizations will cooperate in ▲ research and issue response related to financial IT and security legal systems ▲ mutual information sharing and cooperation ▲ participation and support of events hosted by each other.
Through this MOU, it is expected that the Financial Security Institute's expertise in financial IT and security and the Bank Law Association's research capabilities in financial legal systems will jointly conduct research and cooperation to seek solutions to legal system issues related to financial IT and security that may arise during the digital transformation of finance.
Chairman Ahn Soo-hyun of the Bank Law Association said, "In the digital financial environment, security is recognized as one of the biggest risks that financial consumers worry about," adding, "This MOU with the Financial Security Institute will not only enhance the expertise of both organizations but also greatly contribute to the protection of financial consumers and research on legal systems."
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Kim Young-gi, President of the Financial Security Institute, stated, "In the process of digital transformation of finance, we will actively strengthen cooperation such as joint research with the Bank Law Association regarding various newly emerging legal system issues related to financial IT and security due to the utilization of innovative technologies and the entry of big tech companies into new financial markets."
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