Investments in FinTech development by financial industry are expected to grow over 80% in 2019
1.FinTech investments by financial industry: total investments by financial industry was NT$11.73 billion in 2018, which banking sector invested NT$7.93 billion, securities and futures sectors invested NT$0.82 billion, insurance sector invested NT$2.71 billion and associated organizations invested NT$0.27 billion. According to the forecast, FinTech investments by financial industry in 2019 will reach NT$21.93 billion, which banking sector will invest NT$14.3 billion, securities and futures sectors will invest NT$1.11 billion, insurance sector will invest NT$6.15 billion and associated organizations will invest NT$0.36 billion.
2.The percentage of employees responsible for FinTech-related businesses: in 2018, the number of employees responsible for FinTech-related activities in financial industry accounted for 2.44% of total number of employees, up 0.13% compared with 2017.
3.Cooperation between financial institutions and FinTech enterprises: 107 financial institutions collaborated with FinTech enterprises over FinTech projects in 2018, including 27 banks, 49 securities firms and futures commission merchants, 25 insurance companies and 6 associated organizations. The most of business cooperation types was Big data, followed by information security, AML/KYC, artificial intelligence, cloud services, payment, robo-advisor, others, blockchain, biometrics, RegTech, insurance technology, loans and IoT in order.
4.FinTech patents: 590 applications were submitted in 2018 and 501 of them have been approved. The average approved patents by one FinTech enterprise are 1.68, up from 1.12 in 2017.
Visitor： 329 Update： 2019-09-18