Taiwan Depository & Clearing Corporation

TDCC co-hosted a Big Data Application Workshop with the Institute for Information Industry (III) on September 22, in order to help financial companies, IT service providers and FinTech teams capture new business opportunities in Taiwan’s securities market, which has an annual output of NT$33tn, using big data analysis in the provision of value-added services. A total of 15 securities firms, including Yuanta, KGI and SinoPac, alongside 12 IT service providers and FinTech teams participated in the event for discussions over five major topics, including “Precision Marketing for Securities Firms,” “Know-Your-Customer and Risk Control,” “Investment Portfolio Analysis,” “Real-time Market and Stock Information” and “Enhancing Shareholder Communication and Funding Efficiency.”

TDCC Chairman Sherman Lin and III Innovative DigiTech-Enabled Applications & Services Institute Director, Mr. Yang Ren-da, graced the event as keynote speakers. The President of Joint Credit Information Center (JCIC), Mr. Zhang Guo-ming, served as the moderator as he talked about JCIC’s experience in leveraging big data analysis. In his remarks, Chairman Sherman Lin noted that TDCC has been committed to promoting FinTech applications, such as the e-voting system, which has been operational for some time, allowing shareholders to voice their opinions, and facilitate corporate governance in a more straightforward fashion, ultimately upholding shareholder activism. The new anti-money laundering system, which came online in April 2016, also helps the government as well as financial companies better monitor capital flows, reducing the need and costs for establishing separate control systems. The new mobile passbook, which will become available in March 2017, adopts the digital communication technology and is a typical case of putting customers’ needs first in the development of financial technology. Fund Rich Securities, an investment of TDCC, is also the first mutual fund trading platform in Taiwan that truly enables one-stop shopping, allowing investors to manage their investments in a more convenient manner. All these initiatives attest TDCC’s aspiration and determination to build a digital depository eco-system and to promote a brand new FinTech-based service environment.

III Director Yang Ren-da pointed out that with the rise of financial technology in recent years, many FinTech teams across the world are looking for ways to reach consumers directly with the help of technologies like big data and block chain, creating new business patterns within the financial sector. Director Yang also urged Taiwanese companies to seek opportunities amid market changes, and leverage technology in launching innovative services.

JCIC President Zhang Guo-ming talked about how the use of big data technology helped enhance the organization’s operating efficiency. JCIC collected data on millions of mortgage cases, and cross-examined the borrowers’ backgrounds, mortgage balances and collaterals, eventually building a mortgage statistics application platform, which allows the public to find out the correlation between house prices and the mortgage market.

With the participation of many securities firms, financial companies, IT service providers and FinTech teams, the workshop came to a successful conclusion, highlighting how much the industry values the emergence of FinTech. For more details of the workshop, please visit: http://taiwan-cocreation.ideas.iii.org.tw/oip/