SC Jeil Bank Holds Demo Day and Completion Ceremony for Women Youth Fintech Development Program

Participants of the 2nd cohort of the 'Women in FinTech' Academy, a female youth fintech startup incubation program co-hosted by Standard Chartered Bank Korea, the Korea Foundation for Women in Science, Engineering and Technology (WISET), and the Seoul Foundation of Women and Family, are holding their certificates and taking a commemorative photo via video call. Photo by Standard Chartered Bank Korea

[Asia Economy Reporter Song Seung-seop] SC First Bank announced on the 26th that it held the demo day and graduation ceremony of the social contribution program ‘Women in FinTech Academy’ for fostering female young fintech entrepreneurs in an ontact (online contact) format.

The demo day held the day before featured 15 teams from the 2nd cohort of the academy, selected after undergoing 10 intensive fintech training sessions over the past five weeks. Representatives of each team presented their startup ideas reflecting big data, NFT (Non-Fungible Token), blockchain, and more to a panel of judges composed of angel investors and an online audience.

Through the competition, a total of six outstanding teams were finally selected across four categories. Each received prize money of up to 5 million KRW. Among them, the top three teams were also granted residency opportunities at ‘Space Sallim,’ a gender-equal economic complex space operated by the Seoul Foundation of Women and Family. The grand prize went to ‘Baumos,’ which proposed a game-type fintech platform that allows digital NFT artworks to be exhibited and auctioned in a virtual space.

Choi Ki-hoon, Head of Marketing and Communications at SC First Bank, emphasized, “We will continue to collaborate with the SC Group headquarters and Hong Kong SC Ventures’ global network to help young women discover innovative business ideas,” adding, “We will provide ongoing support so they can grow as leaders in digital finance and fintech and play a significant role in solving various social issues.”

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