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…

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…

Visa Direct – the more secure, convenient and cost-effective way for international remittance With the rise of fintech, banking is no longer confined to a particular place but is something we can do from anywhere. As banking undergoes industry-wide transformation, financial institutions and technology companies are working together to find new solutions that can better…

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…