핀테크(FinTech) 진전과 금융소비자보호 방안

FinTech Development and Financial Consumer Protection Policy Soo-Seok Maeng․Hyung-Wook Lee As ICT develops rapidly, an ICT-applied financial service sector goes fast toward the fourth industrial revolution. FinTech is an example. FinTech is a new form of financial transaction that conventional financial service is combined with ICT. FinTech is nowadays arising as one of alternatives that enables to stimulate the long stagnant financial ecology. Other industrial sectors are insisting very strongly an easy policy rather than the strict one which has rigidly regulated financial industry. The Government authority showed a positive stance to accept that opinion in order to seek a new solution for financial industry. However, since the FinTech transaction has the nature of an anonymity and a wide range, it can easily give a wide damage to financial consumer and is highly vulnerable to cyber risk like hacking. It may also show higher probability of privacy infringement than the existing financial transaction system and cause a blind spot from healthy regulation sometimes. Even though new types of services like the digital financial service are currently applied, the existing financial monitoring and regulatory system has a limitation to properly comply with such transaction. In this regard, it needs a large scale revision of financial monitoring policy and related regulations on commercial trade of FinTech and macro-prudential regulation as well. This study seeks to investigate current FinTech regulations applied in foreign countries and Korea, and find a way how to protect financial consumer vulnerable from the recent development of FinTech industry in our regulation policy.