By: Taiwan News
(Taiwan News) – To promote the accuracy and quality of credit information, the Joint Credit Information Center (JCIC) established two awards in 2007 to honor financial institutions outperforming in the management of credit information security and information quality. This year, two new awards have been introduced to promote accessibility of up-to-date credit information.
On Dec. 26, 40 winning financial institutions were honored at a ceremony attended by the country’s top finance officials, including Financial Supervisory Commission (FSC) Chairman Wellington Koo (顧立雄), FSC Banking Bureau Deputy Director-General Jean Chiu (邱淑貞), Secretary General of the Bankers Association R.O.C. Yang Nan (楊枏), and Bureau of Agricultural Finance (BOAF) Chief Secretary Han Pao-ju (韓寶珠).
Each winner was awarded a trophy, with NT$50,000 (US$1,622) to be given to each of their outstanding staff dedicated to credit information improvement. On the other hand, Bank of Taiwan is entitled to the newly-added Special Contribution Award this year for updating JCIC with credit information associated with labor pension account holders on monthly basis since 2015, thus helping banking peers to conduct risk management easier.
The winners were initially selected by JCIC and were decided jointly by FSC, FSC Banking Bureau, FSC Insurance Burea, BOAF, and representatives from the Bankers Association R.O.C. [FULL STORY]