Financial Services Commission Announces Recruitment for Participants in the Second Half of 2023 D-Testbed

July 24 - August 23 Recruitment for Second Half D-Testbed Participants
Companies, Individuals, and Teams with Fintech Ideas Can Apply

On the 9th, officials were busy moving in the corridor of the Financial Services Commission at the Government Seoul Office in Jongno-gu, Seoul, where the financial authorities decided to include mortgage loans (Judaemae) in the 'debt refinancing' infrastructure scheduled to be launched in May by the end of the year. The financial authorities explained that they aim to reduce the interest burden on mortgage loans by establishing a debt refinancing platform that allows users to compare financial sector loan interest rates at a glance and switch loans easily. Photo by Dongju Yoon doso7@

The Financial Services Commission is conducting the D-Testbed project, which provides various data* and remote testing environments to individuals and companies with innovative fintech ideas so they can test their concepts. Teams for the second half of this year’s project will be recruited from July 24 to August 23.

Following the first half of this year, individuals (teams) and companies with fresh ideas but no opportunity to test them will be able to utilize the D-Testbed to test the effectiveness and innovativeness of their ideas using financial and non-financial data from various sectors such as banks, card companies, insurance, securities, credit information companies (CB), and telecommunications companies.

The D-Testbed project has expanded its recruitment frequency from once a year to twice a year starting this year, with sessions in both the first and second halves. Additionally, an offline analysis environment that can be used on an ongoing basis is also operated. The quantity and quality of data have been improved by adding ② non-financial sectors (public and distribution) data and by further segmenting the reference periods for more detailed verification.

Since its inception in 2021, a total of 51 teams have participated in this project, with 14 teams participating in the first half of this year to verify fintech ideas using data. Up to 26 additional teams will be recruited in the second half to provide more testing opportunities.

Any individual (team) or company wishing to directly test their ideas can participate in the D-Testbed project. There are three participation categories: the free proposal type where applicants propose their own tasks, the business-linked type (10 tasks) where applicants select tasks proposed by financial companies and related institutions, and the challenge task type (6 tasks). Applicants can choose one of these categories to apply.

Teams participating in the second half will use the provided data over a total of 14 weeks from September to December to implement and verify their ideas. After verification is complete, they will submit an analysis report. Following evaluations of all teams from both halves, six outstanding cases of the 2023 D-Testbed will be selected and awarded commendations.

For more details on applying for the 2023 second half D-Testbed participation and other information, please visit the D-Testbed portal.

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