Tagged: taiwan

September 20, 2022 @ 9:52 pm By Omar Faridi  |  

The Taiwanese card payments market will “grow by 6.2% in 2022 to reach TWD3.5 trillion ($127.5 billion), as the country’s economy gradually recovers from the COVID-19 pandemic,” forecasts GlobalData, a data and analytics company. According to GlobalData’s Payment Cards Analytics, the value of card payments… Read More

August 26, 2022 @ 7:11 pm By Omar Faridi  |  

Shanghai Commercial & Savings Bank (SCSB), one of the listed banks in Taiwan, has selected Temenos and IBM in order “to replace its legacy core systems with Temenos open platform for composable banking.” Part of the IBM Ecosystem, Temenos and IBM have successfully “teamed for… Read More

January 27, 2022 @ 4:10 pm By Tony Zerucha  |  

Fintech firm XREX announced today it has obtained the money services business (MSB) license from the Financial Transactions and Reports Analysis Centre (FINTRAC) under the Canadian government. The license allows the Taipei-based company to extend its crypto-fiat exchange services, which include cross-border payments, remittances, global… Read More

October 14, 2021 @ 4:37 pm By Omar Faridi  |  

XREX Inc, the Taipei-based neo Fintech, announced that it has implemented a full suite of risk management tools created by TRM Labs, a blockchain intelligence provider, in order to enhance the platform’s ability to “detect and defend against fraud, scammers and suspicious activities.” XREX is… Read More

August 24, 2021 @ 10:31 pm By Tony Zerucha  |  

Canadian venture capital firm ThreeD Capital was among the backers of XREX’s recent US $17 million Pre-Series A financing round. ThreeD Capital acquired 282,386 preferred shares in the Taiwanese tradetech company for US $400,000. “We are very excited about our investment in XREX and its… Read More

June 23, 2021 @ 10:55 pm By Omar Faridi  |  

Bank CTBC Indonesia, which operates as a special unit of CTBC Bank, an established private bank in Taiwan, recently revealed that it has introduced a digital lending platform for a personal loan product, known as KTA Dana Cinta. The KTA Dana Cinta product lets you… Read More

June 14, 2021 @ 6:22 pm By Omar Faridi  |  

Quant trading platform SIGTech has been selected by MasterLink Securities, one of Taiwan’s largest securities dealers, according to a release shared with Crowdfund Insider. As mentioned in the announcement, SIGTech, the provider of quant trading tech for international investment managers, has secured a contract from… Read More

January 26, 2021 @ 11:10 am By Samantha Hurst  |  

  Taiwan’s Financial Supervisory Commission (FSC) recently announced it has granted a banking license to Rakuten International Commercial. The FSC reported that Rakuten International Commercial Bank (RICB) is the first internet-only bank to obtain a banking license in Taiwan. The FSC further revealed that RICB… Read More

January 6, 2021 @ 4:48 pm By Samantha Hurst  |  

  SecuX Technology Inc., a Taiwan-based cryptocurrency hardware wallet provider, announced on Wednesday it is now featuring buy cryptocurrency options through Coinify. SecuX repoted it will now allow its users to add the Buy Crypto feature on its Wallet Web App (My Wallet on SecuX’s… Read More

November 23, 2020 @ 11:33 pm By Omar Faridi  |  

Taiwan’s Joint Credit Information Center (JCIC) is reportedly planning to provide a database for local Fintech firms so that they can obtain relevant information on consumers’ credit risk profiles. Taiwan’s Financial Supervisory Commission (FSC) made this announcement after Fintech companies held a meeting in June… Read More

March 30, 2020 @ 11:32 pm By Omar Faridi  |  

After performing an extensive vendor evaluation, Next Commercial Bank (NCB), Taiwan’s first all-digital bank, has introduced Kamakura Corporation’s proprietary solutions for risk management. NCB’s management says that a modular and integrated software solution can offer clear advantages over disparate systems by reducing operational costs and… Read More

October 18, 2019 @ 10:29 am By Cali Haan  |  

Coindesk is reporting that Terry Gou, who founded electronics manufacturing giant Foxconn in 1976, told attendees at Taiwan’s technology association AGM in Taipei October 3rd that he thinks the country should welcome Facebook’s Libra with open arms. “I know (Facebook CEO Mark) Zuckerberg pretty well, and… Read More

August 1, 2019 @ 4:44 pm By Michael Ou  |  

“Regulation” is not often a word associated with “benefits” in blockchain and cryptocurrency circles. Indeed, many governments have been sharply criticised following the roll-out of regulatory guidelines addressing the flourishing blockchain industry. Some even suggest that it is a lack of regulation which has allowed… Read More

May 17, 2019 @ 4:13 am By Cali Haan  |  

Asia Business Law Journal (ABLJ) has published a comprehensive article on the current state of crypto law in Asia. Here, we provide a summary of the most salient point presented by ABLJ from each region. Philippines According to the International Monetary Fund (IMF), Global growth… Read More

January 19, 2019 @ 10:35 am By Cali Haan  |  

Seven individuals have been arrested in Taiwan and charged with operating a crypto investment scheme police believe defrauded 1000 investors out of $51 million USD, Focus Taiwan reports. The seven are charged with “violating multiple banking and business…laws” covered by Taiwan’s Banking and Multi-Level Marketing Supervision acts. Among… Read More

December 30, 2018 @ 9:45 am By Cali Haan  |  

A Taiwanese businessperson named Yang has been accused of stealing NT$ 100 million (about $3 million USD) in electricity from landlords at 17 locations where he was running surreptitious cryptocurrency mines across the country’s capital city of Taipei, Yahoo Taiwan reports. The man, who may… Read More

November 5, 2018 @ 8:11 am By Cali Haan  |  

Trading cryptocurrencies anonymously is no longer legal in Taiwan, Focus Taiwan reports. The change was made Friday, November 2nd as Taiwan prepares to be evaluated by the Asia/Pacific Group on Money Laundering (APG), which will take place between Nov. 5th and the 16th. Although Taiwan also… Read More

September 13, 2018 @ 3:17 pm By JD Alois  |  

Crypto wallet CoolBitX has announced a new partnership with the Litecoin Foundation. At the same time, CoolBitX is kicking off its global launch of its CoolWallet S hardware in the US. CoolBitX envisions a future where retail consumers use their crypto wallet hardware and the… Read More

August 20, 2018 @ 1:44 pm By Samantha Hurst  |  

On Monday, organizers of the music festival, Ultra Taiwan 2018, announced they have teamed up with Pundi X to allow the upcoming event to use blockchain for onsite transactions. According to the organizers, the exclusive partnership between  Pundi X and the Ultra Taiwan Festival will see over… Read More

July 5, 2018 @ 3:33 am By Cali Haan  |  

Microsoft Taiwan held a joint press conference with Digital China and HighCool companies at Le Meridien Hotel in Taipei June 28th to announce a “tripartite blockchain strategy cooperation” agreement has been struck between the three firms to create a vast, blockchain-moderated public-private computing cloud. Also… Read More