International FinTech Conference II-International Conference on Open BankingJune 21, 2019
What will the future of Taiwan’s virtual banking look like? Open banking has become an important area for international innovation in fintech, and the foundation of the new finance and banking sector. Connecting finance with different service scenarios through open APIs to achieve a more open, innovative, and secure financial environment, linking together the interests of banks, third-party service providers, and consumers, have all become important topics for domestic regulation.
At the forum, open banking experts from the UK, Spain, and Singapore discussed the development of open banking, cross-country comparison of regulatory scopes and business models, profit formulas, and ecosystem strategies for operations and risk control. Taiwan’s financial leaders learned about forward-looking trends to actively embrace the era of open banking and the revolution in the financial service value chain.