Taiwan

Taiwanese Fintech Sector Poised for Growth Amid Booming Startup Ecosystem

Taiwan’s booming startup ecosystem and recent fintech developments could be hinting at further growth in the local fintech sector. A leading global supplier of hardware, Taiwan has a vibrant startup ecosystem and is on track to grow into a global

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LINE Bank Set to Launch Virtual Bank Soon to Its 21 Million Users in Taiwan

LINE Bank announced that it has been granted an operational license by Taiwan’s Financial Supervisory Commission to launch a virtual bank. LINE Bank has been working with the regulatory authorities on the due diligence process after being one of the

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Taiwan Furthers Open Banking Ambitions

Taiwan is moving forward with its plan to embrace open banking. The country’s Financial Supervisory Commission (FSC) recently granted approval to seven banks to enter the second stage of open banking, Regulation Asia reported earlier. The second phase of open

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Rakuten Officially the First Digital Bank to Launch in Taiwan

Rakuten International Commercial Bank (RICB) announced that it has officially launched operations making it the first digital bank in Taiwan. Established in May 2020, Rakuten Bank holds 50% of ownership while IBF Holdings owns 49% and the remaining 1% is

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Taiwan’s First Virtual Banks: The Progress So Far

In July 2019, the Financial Supervisory Commission of Taiwan (FSC) gave its approval for the establishment of three virtual banks, though none of them have launched yet. Line Bank, a consortium led by Japan’s Line, was amongst the three companies

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Temenos Bags Taiwan’s Virtual Bank as a Customer

Temenos, the banking software company, announced that Next Commercial Bank (Next Bank), has selected Temenos Transact to power its launch as one of Taiwan’s first virtual bank. Cloud-native, cloud-agnostic they said that Temenos Transact will deliver rich, pre-configured banking functionality

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CoolBitX Raises $16.75M In Series B Funding Led By SBI Holdings

CoolBitX, has successfully secured $16.75 million in a Series B funding round. According to their statement, the funding will help provide FATF-compliant solutions to virtual asset service providers (VASPs) around the world through their service, Sygna. The funding round, led

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A Mask Inventory System on Blockchain is Being Deployed to Fight Coronavirus in Taiwan

Taiwan’s concern in response to the 2019-nCoV Coronavirus outbreak has forced its local authorities to strictly ration the distribution of surgical masks and alleviate manpower shortages in repackaging bulk supplies through the help of volunteers. To facilitate this daunting logistical

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Taiwan to Launch Contactless Payment on Airport Metro Line

Taoyuan Metro company will launch contactless payment via bank cards on January 16, 2020 to serve passengers travelling to and from the capital city of Taipei and Taoyuan International Airport. The tap-and-go service will open to holders of VISA, Mastercard,

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Top 10 Fintech Startups in Taiwan to Keep an Eye on in 2019

Taiwan has been trying to gain a foothold for itself as a fintech hub, but despite their best response from the industry is still mixed But Taiwan if anything, is at least earnest in its efforts, it recently approved EMQ

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