Taiwan fines Qualcomm $773m for antitrust violations

Qualcomm 1

US mobile chip giant Qualcomm has been the recipient of yet another fine for claimed anti-competitive business practices, reports Telecoms.com (Banking Technology‘s sister publication). This time it’s Taiwan, where its Fair Trade Commission (TFTC) has concluded that Qualcomm abused its dominant position in the mobile chip market for at least seven years by refusing to […]

O-Bank goes all-digital with Avaya’s tech

O-Bank goes all-digital

US-based tech company Avaya says it has helped O-Bank to become “Taiwan’s first, all-digital, online-only bank”.

Taiwan goes in big on AI craze


The Taiwanese Ministry of Science and Technology has put its money where its mouth is to make a mark on the world of artificial intelligence (AI) with a TND $16 billion ($527 million) investment, reports Telecoms.com (Banking Technology‘s sister publication). The AI craze is very quickly gathering pace in every aspect of our lives, and […]

Android Pay arrives in Taiwan

Android Pay

Android Pay has now launched in Taiwan and users can add an eligible Visa or Mastercard credit card from one of its supported banks, including CTBC and First Bank. It will have the usual rivals – Apple Pay arrived in Taiwan in March this year, while Samsung Pay was launched across the island nation just […]

O-Bank goes digital in preparation for IPO

O-Bank goes digital

O-Bank (formerly Industrial Bank of Taiwan), is keen to transform itself into “a nimble and digitally-focused boutique lender” as it gears on for an IPO.

Microsoft and AMIS launch Asia’s first blockchain consortium


Microsoft has teamed with AMIS and the Industrial Technology Research Institute of Taiwan (ITRI) to form Asia’s “first” consortium blockchain network on Azure. They will use AMIS’s blockchain solutions with Azure as the cloud platform – “the only platform with BaaS” (Banking-as-a-Service). Azure will provide public, private and hybrid cloud models; and business and technical […]

CCP proliferation clouds Asian OTC derivatives markets reform

Most countries across the Asia Pacific region are preparing for OTC clearing - but too many CCPs may be a problem

Most emerging Asian countries have developed or are developing their own CCPs and trade repositories in response to global reforms of OTC derivatives markets – but proliferation of CCPs is a concern, according to new research by analyst firm Celent.

Union Bank of Taiwan adopts Calastone funds tools

Union Bank of Taiwan will use Calastone to automate its fund management

Union Bank of Taiwan has signed up with global fund transaction network Calastone to automate its offshore fund transactions through the new Taiwan Depository and Clearing Corporation fund service.

NYSE Euronext in pact with Taiwan Futures Exchange

Taiwan is a major centre for futures and options

NYSE Euronext and the Taiwan Futures Exchange are to connect their customers in Asia, Europe and the US through NYSE Euronext’s order routing system. The pair say that they will also explore bilateral business opportunities to support the development of their futures and options markets. A Memorandum of Understanding signed in Taipei, where the World […]