[Daily Reporter Song Ju-oh] The Finance Committee held the first 'Visiting Financial Regulation Sandbox' conference with the Financial Supervisory Service and Korea Fintech Support Center on the 20th.
This conference will be held at Seoul Fintech Lab in Yeouido, Seoul, and More Legal Complaint Service, Buen Camino, Alchemy Lab, AntockSeven fintech companies will participate, including Conduit, Hug Lab, and Whoosee Partners. They provide financial services closely related to everyday life, such as financial product recommendation services and payroll management platforms using machine learning based on innovative technology and ideas. The participating fintech companies received explanations from financial authorities and fintech support centers about financial regulation sandbox systems such as innovative financial service designation systems, consignment tests, and related support projects such as customized consulting, test cost support, and D-test beds, and then freely inquire about regulatory difficulties related to the services they are providing or preparing. The Ministry of Finance, Financial Supervisory Service, and Fintech Support Center actively inquired about the company's regulatory difficulties, etc. Responses and review opinions were provided. A company conducting an alternative credit evaluation asked questions about considerations during the sandbox review, and the Ministry of Finance and others responded about the examination criteria of the Innovative Finance Review Committee, and asked if a company that provides a one-time investment service using artificial intelligence (AI) can omit the analysis of a customer's investment propensity, and the Ministry of Finance and others answered that the customer's risk profile cannot be omitted when soliciting investment products under the Consumer Financial Protection Act.
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