The FSC held a meeting to meet CEOs of technology companies and discuss future direction of Tech Credit Bureau(TCB) and Tech Data Base(TDB) launched in July.
“Last month, financial institutions experienced an important changes. The introduction of TCB technology assessment model enabled more effective and credible technology assessment for banks. The launch of TDB made it easier for financial companies to collect and analyse data related to technology for screening process for loan approval,” said Chairman Shin Je-Yoon during the meeting.
However, despite the introduction of such highly advanced technology assessment system, according to Chairman Shin,
firms complain that it is still not easy for them to receive financial assistance based on innovative technology.
“The government will fine tune and improve the technology assessment system so that it could take deep root into the financial industry within 3 years,” Mr. Shin mentioned.