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Future Development of Banking: Observations from Fintech Taipei 2018 (Pre-order)

March 04, 2019 / Shihyu(Alex) Chu

12 Page, Radar

US$1,200 (Single User License)

Abstract

FinTech Taipei 2018 was held at Taipei World Trade Center Hall 1 from December 7th to 8th, 2018. Apart from world-famous speakers, this event also featured exhibitors from seven countries, including 35 teams and 150 companies and research institutes across Taiwan. This is the biggest fintech innovation exchange platform in Taiwan. This report analyzes the development trends in fintech based on observations of this event to provide insight for Taiwanese fintech companies as well as businesses and government agencies looking to introduce fintech.

Table of Contents
1. Background
2.Future Trends in Banking
2.1 Changes in Customer Behavior Drives Bank 4.0
2.2 First Principle Thinking Facilitates Financial Innovation
3. Development of Open Banking Accelerates Financial Innovation
3.1 Common Standards Bring Down Costs and Drive Development of Financial Ecosystem
4. New Trends in Financial Compliance
4.1 Advancement in Fintech Fuels Financial Inclusion
4.2 Supervisory Authority Plays More Complicated Role as Financial Services Drive Towards Diversification
4.3 Laws Must Keep up with Constant Launch of New Financial Products
5. Key Findings of FinTech Taipei 2018
5.1 Innovative Financial Services Proliferating
5.2 Influence of Fintech Taipei 2018
6.MIC Perspective
Appendix

List of Topics
Background of FinTech Taipei 2018, touching on future trends in banking

Development of open banking and includes new trends in financial compliance such as financial inclusion and the role of supervisory authority in the Fintech era

Key findings on the rise of innovative financial services and the subsequent influence

Companies covered
Alibaba, Tencent, Apple, Walmart, British Competition and Markets Authority, Open Banking Implementation Entity (OBIE), KGI Bank, CTBC Bank, E.SUN Bank, Cathay Bank, Taipei Fubon Bank, First Bank, AWS, Microsoft, MSCI, NEC

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