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Seoul Mayor Oh Se-hoon said advanced technologies such as artificial intelligence, blockchain and digital assets are breaking down the boundaries of financial services, while fintech is becoming a key driver shaping the future of the financial industry.
Oh said the Seoul city government will expand support and investment links so financial companies and fintech firms can apply new technologies in real-world financial settings and further develop them, Edaily reported. Speaking in a congratulatory address at the conference titled AX-based Digital Finance Transformation: Finance That Knows Me, held today, Oh added that the competitiveness of a financial city is not determined solely by the scale of capital and that an ecosystem attracting technology, talent and innovative companies is more important.