The smart investment platform, Nano
Future Tycoon Outreach Programme
Investments, launched by the bank
to narrow the urban-rural divide and
in collaboration with Nutmeg, the UK
help disadvantaged elementary school
biggest robo-advisor, enables people
students in remote areas learn basic
to invest as little as US$ 100 in global
concepts on how to properly manage
diversified portfolios through f ractional
money.
shares technology, helping them minimise risks and earn stable returns. By the end of 2019, assets under management in the platform had reached NT$1.4 billion, and over 97% of investors had earned positive returns.
These long-term efforts have successfully planted the roots of financial literacy education in Taiwan.
Mobile payments are also ripe for innovation. The bank initiated Taiwan’s first blockchain interbank transfer sandbox experiment. The new technology simplified the transaction process and lowered costs, and may be extended in the future to cover cross-border remittances and supply chain financing. In another first, a new AI loan approval app was introduced that allows associates to check a company’s credit on the spot and calculate a precise credit line and loan rate, providing a more convenient SME loan experience.
EXPANDING OVERSEAS Taipei Fubon Bank has assertively expanded overseas to support the global development of its customers, establishing a platform that spans Taiwan, Hong Kong, China, Vietnam, Singapore, and Indonesia and offers efficient channels, innovative products and professional service. The eventual goal is to create a one-stop shop service platform that will help corporate clients go international and expand their size and network, and have them make the bank their top strategic banking partner.
GIVING BACK As Taipei Fubon Bank develops a robust financial services platform across the region, it has not forgotten the spirit of giving back through tangible actions. The Bank has held an annual Budding Tycoon Money Management Camp since 1998 to foster healthy attitudes toward money among young Taiwanese and help them understand future financial trends. Another initiative was launched in 2012 in cooperation with the Fubon Cultural & Education Foundation called the
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