TDCC wraps up good year on FinTech

TDCC Chairman Sherman Lin summed up the main progress achieved in 2016

Taiwan News
Date: 2017/01/10
By: Sophia Yang, Taiwan News, Staff Reporter

Financial technology (FinTech) is shaping financial services globally and financial institutions are looking for strategic answers to sustain competitive advantages. In the face of FinTech, many firms are struggling to apply innovation, but Taiwan Depository & Clearing Corporation (TDCC) has responded to the changes very early to deliver better customer experience and has been well received by the market.

The company’s effort was not in vain. Data show a 3.2-fold increase in Taiwan’s electronic voting (e-voting) by retail and institutional investors at shareholder meetings in 2016 from a prior year. The company was even invited to share its success story and achievements of improving market efficiency through applying innovative technologies.

In a year-end media gathering, TDCC Chairman Sherman Lin summed up the main progress achieved in 2016, including laying a foundation for a digitized securities depository service slated to launch in 2017, expanding cross-border custody services, promoting e-voting, streamlining online fund platform, building up anti-money-laundering inquiry system platform, and promoting philanthropy and financial education. Lin added that the financial technology solutions will be widely applied into the service in a bid to create more innovative solutions to help stakeholders expand markets and improve market efficiency.   [FULL  STORY]