[Accident] Discussing the Present and Future of MyData in the Financial Industry

Invitation to Asia Economy's 'Financial IT Forum'

We are truly in an era of upheaval where future technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and Big Data are penetrating industries and transforming the entire industrial paradigm. In particular, the catalyst connecting all these future industries and technologies is 'data.' The sophistication of AI and how precisely vast amounts of data are analyzed and utilized is emerging as the key to securing competitiveness in the Fourth Industrial Revolution era. The success or failure of the data economy depends on how well large-scale data is distributed and utilized.

This is equally true in the financial industry. The most important keyword for the financial industry in the upcoming data economy will be 'coopetition,' where collaboration and competition occur simultaneously. In fact, as the MyData era approaches, the financial sector is actively competing to secure 'data alliances.' Financial companies are forming strategic partnerships with various industries such as telecommunications and distribution, which is likely to trigger innovative disruption not only in the financial industry but across all industrial sectors. The 'big blur' phenomenon, where boundaries between different industries dissolve, is being realized through MyData.

The theme of this 'Asia Economy Financial IT Forum' is 'The Data Economy and the Future of the MyData Financial Industry.' Domestic financial experts will gather in one place to share diverse opinions. We ask for the active participation of our readers in this forum discussing the present and future of the MyData financial industry within the data economy.

◆ Event Name: The 11th Asia Economy Financial IT Forum

◆ Date: Wednesday, November 25, 2020

◆ Venue: Westin Chosun Hotel Seoul Orchid Room / Asia Economy YouTube Channel

◆ Hosted by: Asia Economy, Financial Security Forum

◆ Sponsored by: Financial Services Commission, Financial Supervisory Service, Financial Security Institute

◆ Participants: Financial sector officials and interested online participants

◆ Contact: Asia Economy Finance Department

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