SC Jeil Bank Holds Online Demo Day and Graduation Ceremony for Women in Fintech Academy

At the 'Women in Fintech Academy Online Demo Day & Completion Ceremony' held on the 4th, co-hosted by SC First Bank and the Korea Center for Women in Science, Engineering and Technology (WISET), participants are holding their certificates and taking commemorative photos via video call.

[Asia Economy Reporter Kim Hyo-jin] SC First Bank announced on the 8th that it held the graduation ceremony and demo day event of the fintech startup incubation program for young women, 'Women in Fintech Academy,' in an untact (contactless) manner.

The demo day held on the 4th featured 20 teams who were finally selected after a six-week training course. They each presented fintech startup items reflecting social changes, such as core technologies of the 4th industrial revolution including blockchain, big data, regtech, and non-face-to-face financial services whose demand has increased due to the novel coronavirus infection (COVID-19), with about three minutes per team.

After the demo day presentations, five outstanding teams were selected across four categories through evaluation by judges, and among them, the top three teams were chosen. Following the demo day event, the awards ceremony for outstanding teams and the academy graduation ceremony were also conducted non-face-to-face. First, each of the 20 teams participating in the demo day received 1 million KRW as startup preparation funds. Additionally, a total of 11 million KRW in additional prize money was awarded to the five outstanding teams, and among them, the top three teams will also receive support for producing promotional videos for investor relations (IR) presentations.

Da-won Lee (29), who won the grand prize, said, "Thanks to the academy's various practical programs and feedback from mentors, I was able to concretize my business idea and build a successful business model."

Ki-hoon Choi, Head of Marketing and Communications at SC First Bank, stated, "We plan to further expand programs that enhance young women's fintech startup capabilities by cooperating with the group headquarters and global networks such as Hong Kong SC Ventures."

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