Korea Fintech Industry Association Successfully Hosts Global Panel at 'Seoul Fintech Week'

Sharing Innovative Cases on the 29th
Participation from Nine Asian Countries, Including Korea

The Korea Fintech Industry Association announced on September 30 that a panel discussion featuring fintech leaders from nine Asian countries, including Korea, was held at the 'Seoul Fintech Week 2025' conference.

The conference took place the previous day at Conrad Seoul in Yeouido, Yeongdeungpo-gu, Seoul.

The panel discussion hosted by the Korea Fintech Industry Association was attended by leaders from major Asian fintech associations and global think tanks. Participants discussed the current state of the fintech industry in each country, trends in artificial intelligence (AI)-based innovative technologies, and strategies for expanding cooperation in the global market.

AI is being utilized in areas such as alternative data-based credit evaluation, real-time abnormal transaction detection, and financial fraud prevention. The panelists discussed AI-driven financial innovation, international cooperation, and the creation of a sustainable fintech ecosystem.

During the discussion, heads of associations from each country gave presentations on behalf of the Asia Fintech Alliance, sharing the status and technological innovation trends of their respective industries.

Jacqueline Chai, Honorary President of the Taiwan Fintech Association and Chair of the Asia Fintech Alliance, shared updates on the alliance, which currently includes around 15 countries, as well as its activities and growth potential. She highlighted examples such as E-Sun Bank in Taiwan collaborating with Google to provide AI-powered mortgage and investment consultation services, and the Eagle Eye AI fraud detection model jointly developed by the National Police Agency and banks. She also introduced the financial institution AI utilization guidelines and digital sandbox system announced by Taiwan's Financial Supervisory Commission (FSC) last year, emphasizing the importance of government policy support.

Next, Hong Dongpyo, Chair of the Overseas Expansion Promotion Committee of the Korea Fintech Industry Association, presented the achievements and challenges of Korean fintech companies expanding abroad. He pointed out that domestic fintech firms need to establish more local partnerships during their overseas expansion. He stated, "Differentiated user interfaces (UI) and user experiences (UX), the use of MyData and regulatory sandboxes, and the advancement of AI are key to securing competitiveness," adding, "We should actively pursue joint projects and cooperation models such as data sharing and the creation of investment funds at the Asia Fintech Alliance level."

Takashi Okita, President of the Japan Fintech Association, reported that Japanese regulatory authorities are supporting AI in a way that enhances efficiency and ensures sound usage. He noted that Japan has a progressive stance on AI and digital assets. He also introduced how the Japanese fintech industry is developing by improving inefficiencies through cooperation between banks and large corporations.

Holly Pang, President of the Singapore Fintech Association, presented Singapore's national AI strategy and cases of AI adoption in the financial sector. She explained examples such as the spread of responsible AI adoption in the financial sector through the Passfin.AI platform and supervisory technology ('suptech') that enhances the efficiency of regulatory authorities through AI-based regulatory innovation. Pang stated, "Singapore's policy, industry, and community are working together to use AI for the public good."

In addition, Mark Sien Loong Fong, Vice President of the Malaysia Fintech Association, and Chonladet Khemarattana, President of the Thailand Fintech Association, shared updates on their respective industries.

The panel discussion was held under the theme "In the Age of AI: Strategies for Mutual Cooperation to Expand Global Fintech." The session was moderated by Chae Sangmi, Professor of Business Administration at Ewha Womans University. Michael Mainelli, Chairman of Z/Yen Group, Wina Rona, Director of the Cambodia Fintech Association, and Mercy Simorangkir, Director of the Indonesia Fintech Association, participated and introduced the current state and key cases of AI technology-based fintech.

Chairman Mainelli reported that UK fintech companies are focusing on anti-money laundering efforts. He also mentioned that many players are participating in building an international standard system for data regulation.

Lee Geunju, President of the Korea Fintech Industry Association, stated, "This discussion was a meaningful occasion where the global fintech network, beyond Asia, considered the direction of innovation and cooperation models in the age of AI," adding, "The Korea Fintech Industry Association will continue to create opportunities for international cooperation so that domestic fintech companies can thrive in the global market."

This content was produced with the assistance of AI translation services.