Taking an active role as a technology center in the financial investment industry to actively respond to various IT demands of clients in the era of the 4th industrial revolution, beyond services focused on the stable operation of capital market infrastructure.

outline

• Creation of foundation for open source-based solution and technical support business
• Open source application and function improvement of internal solution
• Provide related solutions to the financial investment industry and carry out technical support projects
• Establishment of low-cost and high-performance financial IT architecture and joint business
• Establish a low-cost, high-performance open financial IT architecture to promote joint use in the financial investment industry
• Preparing basic technology for financial IT service development
• Active support for digital transformation in the financial investment industry
• Supporting the financial investment industry by actively utilizing ‘A (AI/Big Data), B (Block-chain), C (Cloud), D (DATA), E (Eco-System), and F (Fin-Tech)’

Overview

• On August of 2016, the Financial Services Commission announced that the robo-advisor service has been started for proliferation by providing customized asset management services replacing human advisors.
• The participants, such as financial companies, start-ups, asset management companies, etc., who want to use robo-advisor services could verify its algorithm stability and reliability in the test-bed where Koscom has provided and operated.
• Confirming the minimized regulations of evaluating system stability, hacking prevention measure, and security for ensuring the safe investment for investors.

Responsibilities of RA test-bed office

• Confirming reliability & safety and examining validity & suitability of robo-advisor.
• Providing systematic information for protecting investors. (www.RAtestbed.kr)
• Supporting to build monitoring system on robo-advisor.
• Coordinating to create the sound market ecosystem of robo-advisor.

Examination stage of RA test-bed

Main criteria of examination on RA test-bed

• (Qualifications) Qualifications for participants, automation of algorithm, managed asset
• (Rationality of algorithm) Checking rationality of the algorithm explanation and reliability of test result
• (Personal customization) Calculation capability on multiple portfolio which is categorized by each function and characteristic of preference analysis in various aspects
• (Diversified investment) Managing the asset with the product and item which is managed over the minimum required level
• (Reasonable re-balancing) Establishing standards and principles for re-balancing; and verifying whether or not the re-balancing is effectively implemented
• (Multi-account operational capability) Simultaneous management of multiple accounts without error in algorithm
• (Legal compliance) Functions to prevent investment prohibited by law
• (Maintenance expert) IT expert of algorithm and system maintenance
• (System security) Securing system to protect core information of robo-advisor
• (System stability) Manuals and related systems to response to disorders