SC Jeil Bank Partners with Seoul Foundation of Women and Family to Foster Female Fintech Talent

[Asia Economy Reporter Kim Hyo-jin] SC First Bank announced on the 27th that it has signed a Memorandum of Understanding (MOU) for social contribution activities in cooperation with the Seoul Foundation of Women & Family to foster fintech (financial technology) talent and promote entrepreneurship among young women. Space Sallim is a gender-equal economic complex space operated by the Seoul Foundation of Women & Family, a Seoul Metropolitan Government-funded institution.

According to this agreement, SC First Bank and the Seoul Foundation of Women & Family will jointly run an incubating program called the ‘Women in FinTech Academy’ for young women aspiring to start fintech businesses.

At Space Sallim, education and events aimed at establishing an innovative foundation for women entrepreneurs and supporting startup growth will be held for academy participants. The top three teams from the academy’s demo day will be granted exclusive office space in the startup zone of Space Sallim along with rental fee discounts.

Additionally, networking programs will be arranged between female entrepreneurs residing in Space Sallim and the academy participants.

Launched last year, the ‘Women in FinTech Academy’ is a social contribution program designed to strengthen entrepreneurial capabilities by combining general fintech education with the global fintech expertise of Standard Chartered (SC) Group, the parent company of SC First Bank.

The program differentiates itself by incorporating professional mentoring from bank practitioners in areas such as digital banking and information security. This agreement with the Seoul Foundation of Women & Family is the second following last year’s MOU with the Korea Center for Women in Science, Engineering and Technology (WISET) under the Ministry of Science and ICT.

Choi Ki-hoon, Executive Vice President and Head of Marketing & Communications at SC First Bank, said, “We hope this will help expand the base and create an ecosystem for fintech startups by young women,” adding, “We will continue to support young women in demonstrating entrepreneurial spirit, growing as leaders in digital finance and fintech, and discovering innovative ideas.”

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