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TDCC e-PASSBOOK App’s New Function Goes Live; Fund and Securities Information are Accessible Electronically

2021/04/27

Investors are better off with new functions. Today (4/27) TDCC launched TDCC e-PASSBOOK App’s new function, the connection to banks. Investors can already view and inquire about integrated information of securities account balances and transaction details under one name. Through the new function of TDCC’s e-PASSBOOK App, investors can connect to banks where they have accounts to view their savings account balances and transaction details. Therefore, investors can access fund and securities information electronically and gain real-time, integrated securities market information.

As TDCC Chairman & CEO Sherman Lin pointed out, “Since TDCC’s e-PASSBOOK went live four years ago, the user number has exceeded 2.2 million. We have also received plenty of feedback, including incorporating bank deposit information into the app so that investors can efficiently grasp their own fund and securities information. To meet investors’ needs to acquire fund and securities trading and balance information in their investment accounts, and to achieve efficiency in securities trade settlement and book-entry operation, TDCC first cooperated with six banks, including First Commercial Bank, Hua Nan Commercial Bank, Cathay United Bank, Mega Bank, Yuanta Commercial Bank, and CTBC Bank, offering investors the service that connects different banks and shows cross-bank deposit account information on TDCC e-PASSBOOK App. In addition to these six banks mentioned above, currently, other banks are conducting online tests with TDCC. After completing related tests, TDCC will provide this service for more investors to achieve greater convenience and efficiency.

The launch of this new function not only meets investors’ expectation for “accessing fund and securities information electronically” but also responds to the FSC’s Open Banking policy,which expects banks to release more data to facilitate more cross-industry value-added services. Through the Financial Information Service Co., LTD’s “API platform”, TDCC has incorporated many banks into the second stage of Open Banking, “consumer information inquiry.” Investors can inquire about deposit information for each bank through TDCC’s e-PASSBOOK App. The connection framework established by both Financial Information Service Co., LTD, and TDCC has set up a model for further cooperation of the two major fund and securities service platforms in the financial market. It also conforms to the FSC’s “Fintech Development Roadmap” planning. Under the Authority’s supervision, TDCC, Information Service Co., LTD, Joint Credit Information Center, and peripheral organizations will help the market reach targets such as “data sharing” and “digital infrastructure” to construct a Fintech development ecosystem together.

Since the TDCC e-PASSBOOK App launch in 2017, securities asset information under one investor’s name in different securities firms has been integrated. In 2019, onshore fund information was further provided, and the connection to banks was also added. Thus, through a single app, investors can inquire about integrated cross-asset information such as securities, funds, and banks. In addition, they can use value-added services such as stockholders’ equities and StockVote to gain multi-asset integrative management services that are cross-asset and cross-account. In the future, TDCC will keep gathering users’ feedback and develop more practical functions to improve the e-PASSBOOK App’s user experience and user interface. For more details, please go to TDCC e-PASSBOOK App’s promotional webpage: https://epassbook.tdcc.com.tw (Chinese version only).

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