Financial Supervisory Service Governor Lee Bok-hyeon (center) and Financial Supervisory Service executives are taking a commemorative photo at the Financial Supervisory Service headquarters in Yeouido, Seoul, at the ‘Financial Supervisory Digital Transformation Declaration Ceremony’ held on Nov. 17. /Courtesy of Financial Supervisory Service The Financial Supervisory Service (FSS) declared a company-wide "digital transformation." The FSS pledged to innovate work processes and office environments using digital technologies by 2027. On the 17th, the FSS held a "financial supervisory digital transformation declaration ceremony" at the FSS headquarters in Yeouido, Seoul, with the participation of all employees. On that day, FSS Chairman Lee Bok-hyun presented the necessity for digital transformation, the implementation strategy, and expected effects. The FSS plans to establish a data-driven supervisory system. Currently, financial companies submit reports and data to the FSS through work reports and the CPC system, but the FSS intends to shift to a system that collects and analyzes source data. The application range will gradually expand, starting with corporate loans from banks and corporate financial information. Moreover, the plan is to apply artificial intelligence (AI) technology, which has excellent pattern recognition capabilities, to detect transactions with unfair accusations. The FSS expects that once accurate risk […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
