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Future Development of Banking: Observations from Fintech Taipei 2018

  • Report

  • 12 Pages
  • March 2019
  • Region: Global
  • Market Intelligence & Consulting Institute (MIC)
  • ID: 4758726

Fintech Taipei 2018 was Held at Taipei World Trade Center Hall, and is the Biggest Fintech Innovation Exchange Platform in Taiwan

FinTech Taipei 2018 was held at Taipei World Trade Center Hall 1 from December 7th to 8th, 2018. Apart from world-famous speakers, this event also featured exhibitors from seven countries, including 35 teams and 150 companies and research institutes across Taiwan. This is the biggest fintech innovation exchange platform in Taiwan. This report analyzes the development trends in fintech based on observations of this event to provide insight for Taiwanese fintech companies as well as businesses and government agencies looking to introduce fintech.

List of Topics

  • Background of FinTech Taipei 2018, touching on future trends in banking
  • Development of open banking and includes new trends in financial compliance such as financial inclusion and the role of supervisory authority in the Fintech era
  • Key findings on the rise of innovative financial services and the subsequent influence
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Table of Contents

1. Background
2. Future Trends in Banking
2.1 Changes in Customer Behavior Drives Bank 4.0
2.2 First Principle Thinking Facilitates Financial Innovation
3. Development of Open Banking Accelerates Financial Innovation
3.1 Common Standards Bring Down Costs and Drive Development of Financial Ecosystem
4. New Trends in Financial Compliance
4.1 Advancement in Fintech Fuels Financial Inclusion
4.2 Supervisory Authority Plays More Complicated Role as Financial Services Drive Towards Diversification
4.3 Laws Must Keep up with Constant Launch of New Financial Products
5. Key Findings of FinTech Taipei 2018
5.1 Innovative Financial Services Proliferating
5.2 Influence of Fintech Taipei 2018



Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Alibaba
  • Apple
  • AWS
  • British Competition and Markets Authority
  • Cathay Bank
  • CTBC Bank
  • E.SUN Bank
  • First Bank
  • KGI Bank
  • Microsoft
  • MSCI
  • NE
  • Open Banking Implementation Entity (OBIE)
  • Taipei Fubon Bank
  • Tencent
  • Walmart


Primary research with a holistic, cross-domain approach

The exhaustive primary research methods are central to the value that the analyst delivers. A combination of questionnaires and on-site visits to the major manufacturers provides a first view of the latest data and trends. Information is subsequently validated by interviews with the manufacturers' suppliers and customers, covering a holistic industry value chain. This process is backed up by a cross-domain team-based approach, creating an interlaced network across numerous interrelated components and system-level devices to ensure statistical integrity and provide in-depth insight.

Complementing primary research is a running database and secondary research of industry and market information. Dedicated research into the macro-environmental trends shaping the ICT industry also allows the analyst to forecast future development trends and generate foresight perspectives. With more than 20 years of experience and endeavors in research, the methods and methodologies include:


  • Component supplier interviews
  • System supplier interviews
  • User interviews
  • Channel interviews
  • IPO interviews
  • Focus groups
  • Consumer surveys
  • Production databases
  • Financial data
  • Custom databases


  • Technology forecasting and assessment
  • Product assessment and selection
  • Product life cycles
  • Added value analysis
  • Market trends
  • Scenario analysis
  • Competitor analysis