SEOUL — Databricks, a leader in data and AI solutions, has successfully completed the Financial Security Institute (FSI)’s rigorous Security and Safety Assessment for Cloud Service Providers (CSP) in South Korea. This certification enables Korean financial institutions to confidently adopt the Databricks Data Intelligence Platform, leveraging its powerful data and AI capabilities on Amazon Web Services (AWS) and Microsoft Azure.

The FSI’s assessment, mandated by Korea’s Regulation on Supervision of Electronic Financial Transactions, ensures commercial cloud providers meet stringent requirements in data security, access management, incident response, and business continuity. By achieving compliance, Databricks has positioned itself as a trusted partner for financial institutions navigating Korea’s tightly regulated market.

Going beyond the standard requirements for Software-as-a-Service (SaaS) providers, Databricks underwent a comprehensive evaluation as a Platform-as-a-Service (PaaS) provider, meeting 54 criteria—exceeding the 43 mandatory items for SaaS. This broader scope guarantees financial firms can securely deploy the Databricks Data Intelligence Platform for advanced data strategies on AWS and Azure. Detailed findings of the evaluation are publicly available at https://csp.fsec.or.kr.

Built on a robust lakehouse foundation, the Databricks Data Intelligence Platform offers businesses seamless integration of analytics and AI by combining their proprietary data with cutting-edge AI models. With open data formats and governance at its core, the platform ensures complete data control for its users.

Globally recognized financial leaders such as HSBC, Mastercard, S&P Global, AXA, and FactSet already rely on Databricks to enhance their data-driven decision-making and operational efficiency. The platform’s use cases include fraud detection, risk management, and personalized financial services.

“In Korea’s rapidly evolving and heavily regulated financial landscape, the potential of AI and data analytics is immense. With Databricks, financial institutions can harness the transformative power of AI to elevate Korea’s global standing in financial technology,” said Junta Nakai, Vice President and Global Head of Financial Services at Databricks.

Hyoungjun Anthony Kang, Vice President and Country Manager for Databricks Korea, added, “Successfully meeting the rigorous regulatory standards demonstrates Databricks’ commitment to supporting Korean financial institutions. We look forward to helping our local clients unlock the full potential of their data and AI assets to achieve remarkable business outcomes.”

With this milestone, Databricks is poised to lead Korea’s financial sector into an era of data intelligence and AI-driven innovation, supporting institutions as they redefine personalized banking, enhance fraud detection capabilities, and streamline risk management processes.