FSC of Korea designated eight additional financial solutions as innovative financial services to be accepted into financial regulatory sandbox on November 20. FSC has thus far designated 68 such innovative services since launching the financial regulatory sandbox in April 2019. The solutions include a personalized asset management and financial advisory service based on big data analytics (Rainist) and a financial fraud prevention service that monitors suspicious accounts and shares information on fraudulent activities with financial institutions (Korea Financial Telecommunications & Clearings Institute).
Related Link: Press Release (PDF)
Keywords: Asia Pacific, Korea, Banking, Innovative Financial Services, Regulatory Sandbox, Fintech, FSC
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