The Korea-based FinTech Center held recently the “20th FinTech Demo Day” in Korea, attended by related personnel from the Financial Services Commission, Financial Supervisory Services and relevant organizations as well as overseas FinTech support organizations including venture capitals and accelerators.
The event was held together with the “Global Mobile Vision 2017” to raise the investment opportunities for FinTech companies and promotion effects.
In particular, the FinTech Center signed a memorandum of understanding (MOU) on the day with the Switzerland’s Greater Zurich Area AG for cooperation on FinTech sector. The Switzerland-based organization was established on August 1999 to promote corporation for multi-national companies to set up their presences in Zurich and Greater Zurich area. It provides professional services for free through cooperation with local business promotion partners and other information providing organizations across the sectors of industry, science, education and tourism.
Under the MOU, the FinTech Center introduces promising Korean FinTech Start-ups to the Greater Zurich Area AG and cooperates to build friendly FinTech ecosystem such as by promoting the innovation in financial industry of both countries and supporting FinTech companies. With this, the FinTech Center arranged a bridgehead for cooperation in FinTech area with Switzerland following the UK, Australia, France, Singapore, the US and China.
On the demo day, a total of 7 FinTech companies introduced their new FinTech services and technologies through presentations and booth exhibitions. Financial firms and investors as well as FinTech support organizations showed big interests in Korea’s FinTech technologies and spent time to create networks with the Korean FinTech companies.
Jung Yu-shin, chairman of the FinTech Center, said in his opening address that the center has made a stage for both financial institutions and FinTech companies to grow together through the FinTech Demo Day, expecting the organization to play a role as a bridgehead for local FinTech companies' advancing globally through like by making active MOUs with overseas FinTech support organizations.
The FinTech Center plans to continually excavate FinTech startups with promising business ideas and provide them opportunities for promoting them and attracting investment though holding the FinTech Demo Day in and out of the country.