Financial Services Commission Hosts 4th Fintech Idea Contest... Total Prize Money 100 Million KRW
[Asia Economy Reporter Jin-ho Kim] The Financial Services Commission and the Korea Fintech Support Center announced on the 2nd that they will hold the "4th Fintech Idea Contest" to discover new fintech business models and encourage startups.
Teams wishing to participate can download the application form from the Fintech Portal website and submit it via email by the 7th of next month. The results of the document screening will be announced on the 25th of next month.
About 16 winning teams will receive a total prize of 100 million KRW along with various benefits related to fintech startup support, such as business space, consulting, and mentoring. After 6 teams, excluding the 10 Encouragement Award teams, present their ideas, one team will be selected as the grand prize winner.
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The themes include ▲ ideas related to convergence and collaboration between financial companies and fintech, and fintech and other industries ▲ ideas in fintech security technology fields such as authentication, financial security, and related solutions ▲ ideas for new business models in areas such as payment and asset management ▲ ideas utilizing new technologies such as artificial intelligence (AI), blockchain, cloud, and big data.
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