financial industry Archives - Taiwan Business TOPICS

Celebrating Citi’s 60th year in Taiwan: A Journey of Growth and Commitment

Taiwan Business TOPICS/2024-09-102024-09-10

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.

Industry Focus

Taiwan’s Mobile Payment Market in Transition

Julia Bergström/2022-03-232022-03-09

Mobile payments are steadily on the rise in Taiwan. Payments made using mobile phones accounted for 20% of all credit card payments in the first three quarters of 2021, an increase of 4.5 percentage points from the same period in 2020, according to data from the National Credit Card Center (NCCC). LINE Pay, the most…

Industry Focus

Taiwan’s Virtual Banks Make a Solid Debut

Matthew Fulco/2022-03-172022-03-09

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…

Industry Focus

Ensuring Financial Stability Requires Economic Rebalancing

David Stinson/2022-03-112022-03-09

Taiwan’s economy has demonstrated its resilience during the past two years of the pandemic, thanks to strong demand for the island’s exports. In the long term, however, some reforms to monetary policy are needed as Taiwan faces the dual challenges of a hot housing market and an aging population. While post-pandemic inflation continues to impact…

Taiwan Briefs

The Rundown: Fubon Acquisition, Medigen Vaccine, and Nuclear Fuel

Taiwan Business TOPICS and CommonWealth/2021-04-062022-10-21

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Fubon acquires majority stake in Jih Sun Fubon Financial Holding Co. announced on March 23 that it had successfully completed the public tender to acquire a 53.84% stake in Jih Sun Financial Holding, making it the largest shareholder…

Industry Focus

Updating Taiwan’s Banking System with Fintech

Angelica Oung/2021-03-242021-03-17

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…

Industry Focus

Breaking the Deadlock on Financial Consolidation in Taiwan

Jeremy Olivier/2021-03-242021-03-25

A proposed acquisition could be a turning point for Taiwan’s overbanked financial services industry. Last December, Fubon Financial Holdings, the second-largest financial services organization in Taiwan, announced that it was pursuing a hostile takeover of Jih Sun Financial Holdings through a public tender offer for at least 50% of the company’s shares. The offer is…

Industry Focus

Taiwan Seeks More Foreign Finance Talent

Hilton Yip/2021-03-242021-03-17

Last December, Taiwan’s Financial Supervisory Commission (FSC) announced the easing of requirements for foreign finance professionals, part of the government’s plans to make Taiwan an Asia-Pacific financial hub. The work experience requirement for senior financial executives applying for the Employment Gold Card – a special work visa that incorporates an alien resident certificate, open work…

Industry Focus

Enhanced Anti-Money Laundering Controls Pay Off For Taiwan

Matthew Fulco/2020-05-272020-06-02

Taiwan’s ranking by a money-laundering watchdog has risen over the past year, but future efforts will need to address challenges emerging from digitization of the financial sector. Taiwan has significantly strengthened its anti-money laundering regime in recent years, which has been reflected in its improved ranking by a key regional watchdog. In late 2019, the…

Special Report

Back to the Future: Vision 2020

Taiwan Business TOPICS/2020-03-242020-03-25

In the fall of 2007, Taiwan Business TOPICS invited 14 experts to offer their thoughts on “what Taiwan should aim to be like” in their areas of expertise by the year 2020, and how to achieve those goals. Their views were published in the November 2007 edition of TOPICS under the heading “Vision 2020.” With 2020 now upon us, TOPICS sought to re-engage with the…