Evolution of TDCC’s ePassbook App Asset Integration Service! "Link to Banks" Expanded to Cover 16 Financial Institutions
2023/05/09
Good news to the Investors! TDCC’s ePassbook has now opened its links to Bank of Taiwan and Chunghwa Post. Through this service, investors can connect with 16 financial institutions nationwide and simultaneously access information about their securities, funds, and bank assets, taking asset integration services to the next level. Since its launch in April 2021, the "Link to Banks" service of the ePassbook app has been used by over 400,000 individuals. TDCC continues to negotiate partnerships with other financial institutions to further expand the service coverage and help more people enjoy this convenient financial service.
The ePassbook app provides asset integration services. Investors can apply for ePassbook with the securities firms to access the market value and transaction details of their securities accounts and inquire about domestic and foreign fund assets purchased through investment trusts and fund sales institutions. In addition, by completing the linking and binding process with the top 15 domestic banks and Chunghwa Post, investors can view their deposit balances and transaction details at these 16 financial institutions. The coverage extends to over 90% of the deposit balance of the top 20 financial institutions nationwide, making it the first-ever single-app asset integration service in Taiwan.
TDCC President Te-Hsiang Chen pointed out that in the digital era, the average Taiwanese individual has around 2 securities accounts and over 4 bank accounts. By using the ePassbook app, investors can view their securities, funds, and bank assets through a single interface without the need to individually access each financial institution's website for inquiries. This provides users with a convenient, fast, and real-time user experience. As of now, the number of ePassbook app activations has exceeded 3.89 million accounts, and nearly 90% of new stock investors directly apply to use the app upon opening an account. This has effectively reduced the issuance of paper passbooks and operational costs for securities firms. The ESG benefits are equivalent to a reduction of more than 265 metric tons of carbon emissions, making it a prime example of inclusive finance and ESG practices.
TDCC urges investors to promptly contact their securities firms to apply for the ePassbook app and experience the convenience and security of asset integration services!