Taiwan Depository & Clearing Corporation

In a time of rapid Internet and FinTech developments, TDCC has in recent years been pushing for digital transformation, rolling out services such as the e-Passbook and electronic voting platform StockVote. Previously, TDCC's analytical reports on Taiwan stock investors using big data were well-received, further increasing the public's willingness to invest and their financial literacy.

"TDCC began investing in the R&D of big data, using analytical technologies to reshape the value and applications of data. We created the 'Big Data and Analytics Application Platform' with four major user groups in mind: the authorities, market participants, investors and corporations," said TDCC Chairman & CEO Sherman Lin. Over 30 services are currently available on the platform, including SupTech for funds and bills companies, data services for market participants, open finance via the e-Passbook app, and internal data management and analytics for corporations.

In addition, TDCC's SupTech Platform for bills finance companies, requested by the Financial Supervisory Commission (FSC), was launched in late June this year. The platform is a major upgrade of TDCC's big data technologies, and it can greatly enhance supervision efficiency by providing not only real-time operation status for the bills finance industry, but also timely alert messages about key financial risk indicators, and a more targeted oversight of the risk management of each bills finance company.

TDCC Chairman & CEO Sherman Lin said the company has also recently assembled an AI team, aiming to move from existing business intelligence (BI) to artificial intelligence. By analyzing archived data to detect relevance, the team will be able to quickly discern abnormalities and predict future behavioral patterns. To that end, TDCC is actively building a data-aware corporate culture through recruiting new employees with data backgrounds instead of finance, as well as establishing an intra-corporate platform for sharing results of big data applications. The platform can facilitate a cross-departmental culture and help employees better know the value and applications associated with data. Also, by letting IT and regular staff members work together, the IT department can learn more about finance while non-technical personnel can gain exposure to more technology. The company will benefit from such cooperation between departments and optimize the information development process, and in turn provide better financial services, building a more robust FinTech environment with the government's guidance.