Nearly five years after their launch, Taiwan’s three digital-only banks have gained millions of users but remain unprofitable amid fierce competition and an oversaturated market. Regulatory easing may help, but sustainable growth still depends on clearer business models and scale.
With over three decades in banking, BNY Taiwan’s CEO credits curiosity, integrity, and visionary leadership for his career journey, from pioneering Taiwan’s first internet banking platform to leading international operations. Looking ahead, he sees digitization, data-driven decision-making, and Asia’s growing wealth as key trends shaping the future of banking.
Citi Taiwan celebrates its 60th anniversary in 2024, highlighting six decades of growth and global impact. The bank has been a key player in connecting Taiwan to international markets, excelling in Corporate, Investment, and Commercial Banking, as well as Treasury and Securities Services. Citi has led major M&A deals and earned prestigious awards, reflecting its commitment to innovation and client support. As it looks to the future, Citi remains dedicated to advancing Taiwan’s financial landscape.
Standard Chartered’s vision to be the world’s most sustainable and responsible bank includes considerable climate change obligations. The bank’s ambitious targets to reach net-zero emissions in its own operations by 2025 and in its financing by 2050 have sparked a wide array of initiatives impacting stakeholders and operations. “Everyone has a role to play in…
Taiwan’s first two virtual banks have quickly accumulated customers, and the market is expanding with a third such bank on the way. But Taiwan’s oversaturated banking market will likely require that the digital lenders adopt new tactics and technologies to become truly competitive. Taiwan’s financial industry is known for its conservatism. Firms and regulators alike…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Central Bank raises Taiwan’s GDP forecast The Central Bank announced on June 17 that it would leave current key interest rates unchanged. Its discount rate would remain at the historic low of 1.125%, while the rate on accommodations…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS New measures seek to combat China’s talent poaching China has been targeting Taiwanese semiconductor talent in an effort to fuel its domestic chipmaking capabilities. In response, the Executive Yuan in April formed a task force to establish measures…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS TSMC raises capital expenditures to increase capacity Taiwan Semiconductor Manufacturing Co (TSMC), the world’s leading contract manufacturer, said at a investor conference on April 15 that it would again raise its capital expenditures for 2021 to NT$30 billion,…
LINE Bank Starts Trial Operations Online banking services company LINE Bank began trials of its Taiwan platform in late March. The trial operations, which were limited to the approximately 700 employees of LINE Taiwan, follow a series of stress, integration, and user tests. If the trial is successful, the online bank will make a full…
The Financial Supervisory Commission’s new action plan includes goals related to data liberalization, encouraging disruption and innovation, and talent development. Speaking at the Taiwan Capital Market Forum last August, President Tsai Ing-wen disclosed some startlingly ambitious plans to transform Taiwan into an Asian financial hub. “We are going to make Taiwan the number one center…
