Taiwan Depository & Clearing Corporation

Before the conceptual Financial Technologies such as AI financing, Big Data analysis and marketing, and the intelligent open platforms took shape, TDCC has been integrating the upper, middle and lower stream of the Funds Industry, and consolidating multiple information correspondences amongst various fund management institutes and companies since 2006. With the business philosophy of “Platform Economy” in mind, TDCC has been providing diversified infrastructural services such as fund declaration announcements, fund transactions, and offshore funds information. As the background service platform evolved in the past 10 years, the beneficiary demographics have been extended from the finance authorities, Securities Investment Trust & Consulting Associations, Domestic Securities Investment Trust, offshore fund institutions and agents to banks, dealers and Offshore Securities Investment Trust. Especially the integration of fund transactions and platform provide the direct and secured disbursements to millions of investors. A shared-service financial ecosphere has already been established among the market administer, the companies and the general investors.

This fund trading platform of TDCC coordinates not only some renown holding companies such as HuaNan Financial Holdings, First Financial Holding, Mega Holdings, Cathay Financial Holdings, Fubon Financial, other Holding companies and national tax collecting financing corporations, hence the hefty fund cash flow management service entity. This platform also works with more than 100 fund agents, securities investment trust companies and sales organizations in order to render a free-of-charge fund management, discounts in exchange, and a speedy payment service for repurchases. According to our records, the total amount of fund purchasing via the fund trading platform of TDCC has reached NT$43 billion in 2017, growing more than doubled compared to previous year.

In addition, with the internal system process and payment scheme optimizations, the fund trading platform of TDCC has enabled the same-day acknowledgements of trades and interests payments before 2PM on the day of transaction since January 2017. About 60% of the investors can receive the redemption in just 3 days, compared to 5 to 7 days with other means of the market standard. With the transaction amount exceeding NT$80 billion each year, millions of investors have taken advantages of this service, and the number of transaction grows to more than 270 million. These all strengthened the competitiveness and the sharing business model of the fund trading platform of TDCC. To further augment the platform, TDCC has also launched the on-line authorization for payment deductions. Investors now can enjoy the instantaneous of opening accounts and complete payment deduction settings on-line and take full advantages of this “opening new accounts today, and starting trading the next” FinTech superiority. With the unceasing data analysis of the user information, TDCC is meeting the requirements of clients' and providing electronic banking that doesn’t need a physical bank card so as to offer a seamless fund investment experience, and implement the service platform based on FinTech.

Chairman and CEO of TDCC, Mr. Sherman Lin stated that under the impact of FinTech, many funds and securities companies have been already setting up their own web-based platforms. In fact, these so-called “platform on platform” is based on the linkage with the fund trading platform of TDCC, so that a rapid access of transaction is provided to all investors with functions include fund trades, payments and account management. The amount of transactions in 2017 have accounted for more than 40% of the total amount across all platforms. The fund trading platform of TDCC has surly taken its place as the top, and the only one, FinTech fund and security platform, both domestically and internationally.

TDCC has been devoting to the Funds Industry for over 10 years. We have not only constructed exemplary, efficient, high-tech and profitable platforms, but also committed to be the solid support for the industry moving toward with the FinTech development. Furthermore, TDCC is going to collaborate with all participated entities with more innovative open platforms. Taking the practical objectives of the platform users into consideration, we are sure to invite new concepts and applications, exert the service platform benefits to the maximum, and continue to provide the FinTech service platforms to the Fund Managers, the industry and all investors.