The FSC invited the Taiwan Financial Services Roundtable to carry out a survey of the FinTech investment situation by domestic financial institutions in 2017, the targets including the associations of bankers, bills finance, securities, futures, investment trust and investment consulting, life insurance and non-life insurance, peripheral units such as Taiwan Stock Exchange, Taiwan Futures Exchange, Taipei Exchange, Taiwan Depository & Clearing Corporation, Financial Information Service Co., Ltd., National Credit Card Center of R.O.C., and the Joint Credit Information Center, and startup teams guided by the Financial Technology Development Fund. The important data is as follows:
1.FinTech budget allocated by financial institutions: The total was NT$7.85 billion in 2017 and will be an estimated NT$12.47 billion in 2018, with an annual increase of 59%.
2.Number of personnel responsible for FinTech related business: 7,158 in 2017; there was an increase of 1,210 FinTech employees in 2017, with an annual increase of 20%
3.Cooperation situation of financial institutions and FinTech businesses: 86 financial institutions and FinTech businesses engaged in business cooperation in 2017; the most of business cooperation types was payment, followed by big data, technology, information security, cloud services, robo-advisor, lending, blockchain and insurance technology.
4.FinTech patents: There were 651 patents applications in 2017, and 341 were approved.