TDCC eFastChannel Platform launches on December 23 Investors can easily convert their paper securities passbooks into mobile passbooks without visiting the securities firm counter
2024/12/23
To enhance the convenience of converting a paper securities passbook into a mobile passbook services for investors and provide a better user experience, the Taiwan Depository & Clearing Corporation (TDCC) launched the "eFastChannel Platform" on December 23. This platform simplifies the process for investors, allowing them to convert all their paper securities passbooks into mobile passbooks online, without needing to visit securities firms individually for conversion.
Daniel Chen, President of TDCC, stated that TDCC launched the TDCC ePassbook App in March 2017, which has been well-received by investors. The app’s multi-passbook feature enables investors to easily view their asset positions across different securities firms. The app integrates diverse assets and offers shareholder services, making it a powerful tool for asset management. Currently, the number of accounts activated has reached 5.6 million, and 93% of investors who open a new account choose to apply for the mobile passbook service. TDCC has consistently listened to user feedback and suggestions. At present, about two-thirds of investors still use paper passbooks for some of their securities accounts, which means they need to apply for mobile passbook individually with each securities firm. To improve the efficiency and convenience of this process, TDCC has developed the "eFastChannel Platform," allowing investors to apply through a single platform to convert all their paper passbooks into mobile passbooks at once.
After the launch of the "eFastChannel Platform," investors only need a valid digital certificate (such as a Citizen Digital Certificate or a Securities Online Trading Certificate) to log into the platform on their computer or mobile device. They can then view all their securities accounts and convert their paper securities passbooks into mobile passbooks in one place. Once the application is successful, investors can view the changes and holding position for their securities assets at various securities firms through the TDCC ePassbook App, enabling easier and faster asset integration and management.
The launch of the "eFastChannel Platform" will further improve the convenience of digitalization of asset management for investors, while also reducing the production costs of paper passbooks in the market, actively implementing ESG sustainability policies. TDCC hopes that, through this platform, more investors can enjoy a simpler fintech service experience, improve the overall efficiency of the securities market, and continue promoting more digital services. The goal is to provide investors with more convenient and higher-quality financial experiences while continuing to practice the concept of inclusive finance.
Investors can convert their paper securities passbooks into mobile passbooks in just two simple steps on the "eFastChannel Platform." For more information, please visit the TDCC ePassbook promotion page: https://epassbook.tdcc.com.tw/zh/c1.aspx.