Important Measures
MyData platform to provide greater convenience in applying for financial services
2020-09-09
To reduce the documentation difficulties faced by individuals when they apply for financial services, the FSC and the National Development Council have launched the MyData platform to simplify the application process of financial services. Once an individual has registered on MyData and authorized the platform to access their personal information and provide it to third parties, personal information previously provided to government agencies can be forwarded by MyData to a bank for the processing of an application for a credit card, a loan, or some other financial service. This arrangement relieves the consumer of the cumbersome process of obtaining hardcopy documentation and delivering it to the bank. As a result, financial services can be obtained much more quickly and conveniently. The first 7 banks to take part in the platform (Taishin International; Far Eastern International; Taichung Bank; Chang Hwa Bank; E.Sun Commercial Bank; CTBC Bank; Taipei Fubon) now provide 15 different types of service via MyData.
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- Update: 2020-09-09