F&Guide Hosts Big Data Financial Idea Competition

[Asia Economy Reporter Minji Lee] Financial information company FnGuide announced on the 13th that it will embark on discovering innovative ideas to expand data distribution and services based on new technologies such as big data, AI, and fintech, which are at the center of the 4th Industrial Revolution era.

Hosted by the National Information Society Agency (NIA) and organized by FnGuide, the ‘Digital Industry Innovation Big Data Platform Utilization Financial Idea Competition’ was established to foster the creation of a data ecosystem using big data and to discover various content and business ideas utilizing data related to finance, corporate finance, and industry.

The competition, held for the first time last year, saw fierce competition among a total of 22 teams. The grand prize was awarded to the team that proposed ‘EASYGUIDE TO ESG’ to enhance accessibility to ESG (Environmental, Social, and Governance) investment.

This year’s competition is open to anyone with interest and passion for financial data analysis, as well as those who have various content and business utilization ideas, under the slogan “Change the world with data, connect people and the world with data.” Winners will receive a total prize of 4 million KRW and certificates. Additionally, all awardees will be granted extra points when applying for employment at FnGuide.

Applications will be accepted through the Big Data Platform from September 13 to November 4. Idea submissions must be submitted by November 4. After a first document screening on November 11, about 10 teams will be selected, and the final winners will be chosen through presentation announcements on November 24.

The Digital Industry Innovation Big Data Platform is a consortium that connects big data across industries?including corporate, patent, import/export, M&A, R&D, startups, talent, and investment information?to solve problems in industrial sites and prepare effective responses to the new normal era such as COVID-19 and the 4th Industrial Revolution. It is one of the 16 big data platforms operated by the Ministry of Science and ICT since 2019.

An FnGuide official said, “We hope that through this event, fresh and new ideas and services will be discovered and can be utilized as actual business models.”

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