Taiwan aims to pursue financial technology innovation, but over-regulation continues to block the needed experimentation and flexibility. Technological advances are increasingly transforming every aspect of financial services, a phenomenon that has given rise to the term “fintech,” short for financial technology. In Taiwan, the Financial Supervisory Commission (FSC) in 2015 established a Fintech Office to…

As paradigms in the banking industry shift rapidly, the future of banking hedges on innovation, specialization, and mastery of the digital business landscape. In the past year, volatility in global and regional markets—from the plunge in oil prices to post-Brexit uncertainties—has made Taiwan’s banking industry keen to bring stability and growth to the financial liberalization…

As global advances in e-commerce and financial technology (“fintech”) catalyze change in insurance markets, how can Taiwan enable insurers to provide individuals and families with the full insurance coverage they need and close the insurance “protection gap”? In the recently published 2017 Taiwan White Paper, the Insurance Committee of the American Chamber of Commerce in…

In the past year, positive steps have been taken by the Financial Supervisory Commission (FSC) to build a better business environment and stimulate financial product innovation in Taiwan. In the newly published 2017 Taiwan White Paper, the Asset Management Committee of the American Chamber of Commerce in Taipei commends these reforms. The Asset Management Committee…