The disruptive innovation brought about by FinTech is reshaping the financial industry. FinTech, the fusion of the financial industry and the technology industry, is the catalyst for cross-industry and cross-domain integration, new business model innovations, new rules for competition, and a new data-driven economy. To embrace the challenges and opportunities, the Taiwan FinTech Association (TFTA) was founded in February, 2017 by more than a hundred companies and professionals. Its multifarious members (including financial institutions, FinTech companies, IT companies, universities, research institutions, law makers, formal ministers, and FSC officials) make a collaborative FinTech ecosystem possible. Through this FinTech ecosystem, we hope to stipulate disruptive innovation, share fruits of the innovation, create benign competition, collaborate with other industries, improve capabilities and competitiveness of the Taiwanese FinTech industry.
In today’s global environment, it is difficult for a single company to possess enough knowledge, ability and technology to develop new FinTech products and services. Therefore, what matters in the future competition is not the individual company’s ability, but the fusion, cooperation, and the win-win situation of multiple companies-----everything we need to take leadership in the next generation financial services. In light of this trend, joining a FinTech ecosystem becomes an essential choice.
Taiwan’s FinTech had started later and moved slower than its neighboring countries. With a relatively small market (Taiwan is the 21th largest economy in the world and is ranked 4th in terms of foreign investments), its FinTech innovators need much tighter collaboration to create new business opportunities and establish its presence to compete and collaborate with the international financial community. Our goal to establish a FinTech ecosystem is to enable Financial institutions and FinTech players leverage and complement each other’s strengths and weaknesses. By facilitating the collaboration between financial institutes’ evolutional innovations and FinTech startups’ disruptive innovations, and establishing collaborating relationships with ecosystems in other countries, we can create higher value for consumers, establish a better environment for FinTech innovators, accelerate the financial industry transformation, provide inclusive financial services for the mass and jointly enhance the financial industry’s social responsibility.
Cooperative Promotion & Membership Services
Open API Standard
RegTech & InfoSec
Big Data & AI
Financial Institution Transformation
Fintech Start-ups Alliance
Blockchain & Cryptocurrency SRO
If you join our association, you can utilize our mutual resources such as accessing the newest industry trends, news, and information, communicating with government agencies, exchanging information and co-innovating with our ecosystem partners to increase your own value, accessing international partners, VCs, and market. Furthermore, financial institutions can leverage the Association to cultivate their own talents and conduct corporate transformation. Participants can also benefit from other participants’ innovation, technique and services in the ecosystem. The whole ecosystem could provide an integrated solution, and accelerate the commercial operation of innovative ideas to achieve the final goal of increasing revenue & profit for ecosystem partners.
Build a bridge for communication among the government, financial industry and FinTech industry.
Promote international exchanges and cooperation and lead the FinTech ecosystem for service innovation.
Conducting researches on policies and regulatory suggestions that balance both innovative business development as well as supervision requirements.
Establishing a friendly environment for the Taiwan Fintech industry and financial transformation.
By collaborating the financial industry and the FinTech industry, we can create higher value for customers, and shape better developing environment for Fintech.
Share the achievement of the innovation, create benign competition, raise the competitiveness and energy of the Taiwanese FinTech industry.
Detecting Fintech trends and acquiring the professional knowledge to enhance the international competitiveness.
Facilitating the cross-industry and cross-domain collaboration between members to develop inventive Fintech applications and stimulate financial innovative transformation.
Organizing speeches, conferences, forums, research projects and training courses regarding Fintech. Gathering the products and services provided by members and unifying marketing to jointly explore business opportunities at home and abroad.
Establishing Taiwan Fintech Open API standard, catalyzing cross-industry integration, and enabling Taiwan to become the leader of the global Fintech Open API Standard.
Building widely accessible, cooperative and cocreating blockchain infrastructure. Promoting the development and the successful cases of blockchain innovative applications and start-ups companies.
Stipulating supervision concepts and technological operations that advance with the times. Enabling the domestic Fintech to fully develop under reasonable and effective supervision.
Applying new technology and models as well as providing innovative insurance assistance for better services to customers and greater benefits for the industry.
Exploring the trends of Fintech AI technology, as well as the domestic application opportunities and the strategies of big data analytics. Building the collaboration between the industries, the academies, and the research organizations.
Composed of the experts from the financial institutions, the Fintech companies, and consulting firms. Analyzing the cases of international financial institution transformation. Examining the opportunity of business collaboration between the financial institutions and Fintech companies.
Composed of the experts from financial institutions, the Fintech companies, consulting firms, and research experts. Integrating the sources of angel investors and VC, providing the financial regulation consultation and operation counseling for start-up companies to build a cooperative and cocreating platform.
Promoting the spirit of self-regulation, abiding by the supervisory stipulations, enhancing the business ethics and establishing market disciplines, leading to healthy development of blockchain industry, and guiding the development of cryptocurrency in a positive direction.
Cooperating with the international Fintech associations and organizations to lead global-level researches of the regulations and the minimum disclosure standard. Building a cryptocurrency information disclosure platform to promote the transparency of the issuing companies.