[Smart Finance Awards] Evolution of MTS Asset Management Platform... Promoting Digital Finance Innovation

Financial Services Commission Actively Supports Innovation Efforts for Capital Market Development
Financial Supervisory Service Must Strengthen 'Investor Protection' Amid MTS System Failures

The 13th annual Asia Economy '2023 Asia Smart Finance Awards' was established to distinguish the best mobile trading systems (MTS) in Korea and to help them evolve into more advanced services. The grand prize was selected amid fierce competition fueled by the evolution of MTS. The evaluation to distinguish the top MTS in Korea was conducted in collaboration with the 'ESG Metaverse Development Institute,' a specialized organization for website and mobile app evaluation and certification. The selection of award-winning companies was carried out through a process where judges provided opinions based on the first-round evaluation data assessed by the ESG Metaverse Development Institute. The '2023 Asia Smart Finance Awards' ceremony, held at 3 p.m. on the 26th at the Press Center in Jung-gu, Seoul, was attended by Lee Se-hoon, Secretary General of the Financial Services Commission; Hwang Sun-oh, Deputy Director of the Financial Supervisory Service; Kim Ki-kyung, Vice Chairman of the Korea Exchange; and Hong Woo-sun, CEO of Koscom, who delivered congratulatory remarks and presented awards.

On the 26th, at the '2023 Asia Smart Finance Awards Ceremony' held at the Press Center in Jung-gu, Seoul, key guests and awardees are taking a commemorative photo. From the front row, left to right: Kim Young-il, Head of M-able Land Tribe at KB Securities; Kang Jun-gyu, Head of Digital Division at Daishin Securities; Kim Jang-woo, Head of Digital Group at Shinhan Investment Corp.; Kim Se-hoon, Head of Digital Platform Headquarters at Mirae Asset Securities; Choi Won-young, Head of Digital Headquarters at Hana Securities; Lee Jae-sung, Platform Development Manager at Korea Investment & Securities; Kim Beom-gu, Digital Platform Manager at Samsung Securities; Jeong Byung-seok, CEO of Platform Headquarters at NH Investment & Securities. From the back row, left to right: Hong Woo-sun, President of Koscom; Hwang Seon-oh, Deputy Governor of Financial Supervisory Service; Woo Byung-hyun, President of Asia Economy; Lee Se-hoon, Secretary General of Financial Services Commission; Kim Ki-kyung, Vice Chairman of Korea Exchange. Photo by Kim Hyun-min kimhyun81@

In his congratulatory speech, Lee Se-hoon, Secretary General of the Financial Services Commission, stated, "MTS has risen beyond a service for some investors to be recognized as a public service for the nation." He added, "Recently, mobile trading services have evolved beyond simple stock trading tools into personalized asset management platforms utilizing artificial intelligence (AI) and big data, thereby promoting digital financial innovation." He further emphasized, "The government will actively support securities firms' efforts to innovate MTS and devote more meticulous attention and effort to the development of the capital market."

Hwang Sun-oh, Deputy Director of the Financial Supervisory Service, said, "In the process of digitalizing the securities industry, establishing a stable investment environment and protecting investors must always be kept in mind. Nowadays, as reliance on IT and computer systems increases, we must carefully prepare to prevent HTS and MTS system failures from undermining trust in the entire securities industry." He continued, "Under a convenient digital investment environment, the number of investors in their 20s and 30s has significantly increased, so I ask that investor protection for these relatively inexperienced investors be always considered."

The Financial Services Commission Chairman's Award, the 'MTS Grand Prize,' was awarded to Korea Investment & Securities. Professor Jung Soon-seop of Seoul National University Law School, who served as the head judge, explained, "Korea Investment & Securities' MTS 'Korea Investment' demonstrated outstanding strengths in content and business sectors, as well as excellence in design, technical aspects, and customer-friendliness." He added, "Hana Securities, which ranked second overall and received the Financial Supervisory Service Chairman's Award for 'MTS Innovation,' was highly evaluated for its differentiated strategy based on a dual MTS approach: 'OneQ Pro' for professional investors and 'OneQ Stock' for general investors."

In the customer-friendliness (A) category, Mirae Asset Securities was honored; in the business (B) category, Daishin Securities; in the content (C) category, Samsung Securities and Shinhan Investment Corp.; in the design (D) category, KB Securities; and in the technical excellence (E) category, NH Investment & Securities each received awards.

Moon Hyung-nam, Director of the ESG Metaverse Development Institute and professor at Sookmyung Women's University Graduate School of Business, stated, "In the AI era, it has been confirmed that securities firms are strengthening AI-utilized services such as robo-advisors." He noted, "Last year, the score gap between the highest and lowest MTS was over 20 points, but this year the gap narrowed to 7 points, making it difficult to distinguish superiority." He emphasized, "Since customers can move to securities firms with well-developed MTS, securities firms must continuously innovate to advance their MTS."

Woo Byung-hyun, CEO of Asia Economy, said, "Asia Economy has set and is realizing the vision of '24-hour economic content service for investors,' and the Smart Finance Awards were established to fulfill that vision and mission." He added, "As relentless competition for MTS innovation unfolds, I hope today's awards serve as a small but meaningful reward for the painful innovations."

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