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"FinTechBase" to Join Global Network GFHF and Achieve Great Success!
Date: 2016/09/26
Great News! Under the guidance of the Financial Supervisory Commission, the Financial Technology Innovation Base (FinTechBase) founded by the Institute for Information Industry (III) with the "Financial Technology Development Fund" established by the Taiwan Financial Services Roundtable, has been approved by the Global Fintech Hubs Federation (GFHF) to become one of its founding members.
With new advancements in technology, innovative financial services have already surpassed existing financial markets. Governments and industries are actively pursuing responses to this issue, which has brought forth immense challenges with respect to financial supervision.GFHF was founded on October 25, 2016 by Innovate Finance, an authoritative financial technology NGO based in the UK, and Innotribe, an organization established by the Society for Worldwide Interbank Financial Telecommunication (SWIFT).GFHF participants include financial technology organizations and financial institutions. FinTech Hubs are established throughout the world to encourage interactions between innovative companies and policy makers.GFHF is the world's first cross-border FinTech innovation exchange platform. Representing Taiwan, FinTechBase was approved by the GFHF and became one of its founding members along with other financial or technology related institutions from across the globe. It was an important milestone in connecting Taiwan's financial technology sector to the global network.As of September 18, GFHF has 29 member organizations and is expected to continue expanding.
Under the guidance of the Financial Supervisory Commission, the Taiwan Financial Services Roundtable integrated resources from the financial industry to establish the "Financial Technology Development Fund". In February, III's Data Analytics Technology & Applications (DATA) was also commissioned to carry out two important missions: develop innovation and entrepreneurship in the financial technology sector as well as cultivate talented individuals. "FinTechBase" was formally established on April 14, 2016 with the goal of advancing Taiwan's financial technology ecosystem. In terms of innovation and entrepreneurship, its mission is to help domestic FinTech start-ups achieve "local entrepreneurship with a global reach"; in terms of cultivating talent, it is dedicated to develop talented individuals with expertise in both finance and technology. Since the establishment of "FinTechBase", it has actively established international connections including a strategic partnership with Startup boom camp, the world's largest startup accelerator, to carry out cross-border innovation exchanges and visits, as well as provided guidance for international start-ups; it has received high acclaim from GFHF for its work and was invited to join the federation as a result. After nearly two months of selection and evaluation, "FinTechBase" became the first Taiwanese organization to receive GFHF approval and became a founding member of the federation.
GFHF's mission is to build the world's largest financial technology ecosystem that:
1. Fosters engagement amongst the global FinTech ecosystem.
2. Shares best practices and experiences in the global financial industry.
3. Creates opportunities for greater collaboration between FinTech hubs.
The benefits of becoming a GFHF member are as follows:
1. Global Voice: Through this platform, members can vocalize unique development opportunities in their local markets to the entire world.
2. Global Stages: Members can join international stakeholders from across the world to plan the objectives for the FinTech industry and increase their regional influence.
3. Market Connections: Through platform collaboration, members have the opportunity to connect and network with others from the global FinTech market.
4. Knowledge Share: Members can gain access to events that identify emerging technologies and innovative trends to acquire the latest knowledge in financial technologies.
We want to thank various associations from the financial industry and other related organizations for their support and assistance in creating the Financial Technology Development Fund. With joint efforts from the Taiwan Financial Services Roundtable and the III, "FinTechBase" has already achieved concrete goals in the area of global networking."FinTechBase" will serve as the basis for the advancement of Taiwan's first international FinTech innovation network, which will provide assistance to Taiwan's financial sector and FinTech industry in the following ways:
1. Policies and Regulations: Instant connection to the FinTech policies of various countries and diversified information on trends; share the latest developments and practices on the international scene.
2. Innovation and Talent: Through the cross-border collaborative platform, facilitate exchanges between entrepreneurial teams and funding sources, and share opportunities of the financial market.
3. The Financial Industry: March ahead with future development initiatives through cross-border dialogs facilitated by global FinTech alliances.
【Media Contact】
DATA(III):Chih Shan Luog, Ferina Wang
Tel: 886-2- 6631-2906、6631-2956
Planning & Evaluation Division(III):Meredith Chang, Joy Yen, Freesia Shen
Tel: 886-2-6631-8638、6631-8640、6631-8643
"FinTechBase" to Join Global Network GFHF and Achieve Great Success