Financial Services Commission to Operate D-Testbed Continuously... Expansion of Provided Data

Six Teams Selected as 2022 Outstanding Business Case Award Winners

[Asia Economy Reporter Yu Je-hoon] The Financial Services Commission announced on the 18th that it selected six teams as outstanding case winners among the 31 participating teams in the 2022 D-Testbed project. The D-Testbed is a project that provides a testing environment for startups and prospective entrepreneurs to verify innovative technologies, ideas, business feasibility, and practicability based on financial data.

Antok, which received the Grand Prize, the Chairman's Award of the Financial Services Commission, confirmed the performance of its self-developed alternative credit evaluation for small and medium-sized enterprises based on credit information provided by the D-Testbed, and presented a model that can assess credit risk more precisely. Winkstone Partners, which won the Best Award, the Financial Supervisory Service Commissioner’s Award, was recognized for proposing a draft of a personal alternative credit evaluation model applicable in Indonesia by comparing and analyzing financial and non-financial combined information as well as statistical indicators from Korea and Indonesia.

Other Best Award winners included 'KUBS_FinBA (Advancement of credit evaluation model using insurance information)', and Excellence Award winners included 'Overtake (data-based customized loan product recommendation information)', 'Finebo (supplementary indicators for small business credit evaluation using merchant card sales information)', and 'Smallticket (testing development of differentiated insurance premium products reflecting driving behavior)'.

Meanwhile, the Financial Services Commission plans to make the D-Testbed permanent to facilitate the verification of fintech companies' innovative ideas and to expand the data provided. Data that can be provided continuously, such as anonymized information, will be available for use at any time, and named and combined data, which were previously provided once a year, will be expanded to quarterly or periodic provision to increase utilization.

The Financial Services Commission stated, "Starting this year, we will switch to permanent operation of the D-Testbed and expand the data provided to include non-financial information, creating an environment where fintech companies can test more diverse and innovative ideas," adding, "We will continuously improve and supplement the system to ensure that various ideas are linked to commercialization."

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