South Korean fintechs come to KL

South Korean fintechs come to KL
A key component to drive the growth of Industry 4.0 is the financial technology industry, and South Korea, a leader of fintech, hopes to expand its network and services throughout South East Asia.
KUALA LUMPUR: As we turn to embrace the Fourth Industrial Revolution (Industry 4.0), the demand for everything digital is increasing day by day.

A key component to drive the growth of Industry 4.0 is the financial technology (fintech) industry, and South Korea, a leader of fintech, hopes to expand its network and services throughout South East Asia.

In light of this, the Korea FinTech Center will be holding the 2017 Fintech Road Show, at the InterContinental hotel here on Thursday.
The event is organised in collaboration with the Malaysia Digital Economy Corporation (MDEC) and the FinTech Association of Malaysia (FAOM), a body established to support Malaysia in fintech innovation and investment.

There will be talks on the South Korean and Malaysian fintech industry trends, a look at government policies on fintech by MDEC and the regulatory norm for Malaysian fintech businesses by FAOM.

Another key highlight will be on the technology demonstrations by 10 fintech companies – six from South Korea and four from Malaysia.

Among them are Bizworks Co. Ltd., the creator of "GT-Pay" which is a non-face-to-face payment solution that overcomes the risk of QR code payments, and M-Robo, which promotes robotic journalism technology that combines text with data and artificial intelligence (AI) to create a "free to use robot reporter service".

A Memorandum of Understanding (MoU) will also be signed between Korea FinTech Center and FAOM at the event to foster cooperation in the fintech field.