Taiwan’s banking and finance industry is about to enter a new era, in pace with the Financial Supervisory Commission (FSC) Taiwan issued licenses to three virtual banks in 2019. Meanwhile, COVID-19 has increased the need for touchless services, pressuring the incumbent banks to accelerate the digital transformation to increase competitiveness. Leveraging proprietary Data Management Platform (DMP) and sophisticated data analytics capability, Vpon Big Data Group (Vpon) has released Taiwan’s banking and finance industry insight report, unveiling significant findings on the industry development and users’ profiles. Intense Competition between Banking Apps Presently, Taiwan has 3 virtual banks, 15 digital banks
Copyright © 2021 Vpon Inc. All Rights Reserved.