01.2021 Group Briefing
"FET FriDay+" was approved by Financial Supervision Commission for the second phase of "open bank" business
Far EasTone telecommunications / Chen Xinsheng
Far EasTone Telecom's cross-border financial service strength was recognized again! The Friday wealth management + app recently submitted an application to the Financial Regulatory Commission for the operation of the second phase of the "open bank" business together with Far Eastern International Bank. On December 10, 2020, it was approved by the financial supervision commission in a reply letter, becoming the first third-party provider (TSP) in Taiwan to provide this service through the approval of the financial supervision commission. This is not only an important milestone in Taiwan's "open finance" but also an announcement that the new generation of open financial services has officially entered the consumer's life scene.
ISO / IEC 27001 Information Security Standard + International Fair third-party security certification + financial supervision commission approval, TSP legal compliance, the first
According to the third fintech survey report of vision in 2020, consumers are most worried about asset security risks when using smart financial services (60.2%), followed by cumbersome and difficult integration problems of different financial apps (51.5%). The Friday wealth management + app itself complies with the ISO / IEC 27001 international asset security standard, and in November it obtained the International Fair third-party service security certification. In order to actively develop financial technologies that are beneficial to the public, the company recently submitted an application to the Financial Regulatory Commission for the operation of the second phase of the "open bank" business with Far Eastern International Bank. It was approved on December 10, becoming the first Taiwan approved third-party service provider (TSP). In the future, it will provide public open API account integration services.
"Friday wealth management +" is authorized by the user to link personal bank account and credit card bill information
Far EasTone telecommunications builds the foundation of open banking on the Friday wealth management + app, uses open API technology to connect customer information with cooperative banks, and provides financial services that better meet the security needs of customers. Moreover, consumer bank accounts and passwords are not retained in the system to effectively control risks. In the future, consumers will be able to connect multiple designated bank accounts through app user authorization, integrate deposit accounts and credit card bills into a single app, and without repeatedly logging into different apps, they can easily manage their asset status through a friendly operating interface, and then select appropriate financial products or banking services through AI recommendation and exclusive bank privileges.
The first wave of Friday wealth management + will join hands with Far Eastern International Bank, and the open financial era will soon begin
The Friday wealth management + app and Far Eastern International Bank have received the approval letter of the second phase of the opening of banks. It is expected that the account integration service of Far Eastern International Bank will be launched for the first time in Q1 next year. In the future, as long as consumers hold the designated products of Far Eastern International Bank, including bank account or credit card bill information, they can directly complete the bank authorized account information online through the Friday wealth management + app, In the "Friday wealth management +" app, revenue and expenditure management, budget allocation, online payment, interest rate query or Etag deposit value can also be implemented. China Trust, Taishin International Bank and other cooperative banks will also be added in succession. Far EasTone Telecom will continue to cultivate financial technology in the future and build a cross Telecom financial ecosystem that conforms to the value of "Inclusive Finance".
ISO / IEC 27001 Information Security Standard + International Fair third-party security certification + financial supervision commission approval, TSP legal compliance, the first
According to the third fintech survey report of vision in 2020, consumers are most worried about asset security risks when using smart financial services (60.2%), followed by cumbersome and difficult integration problems of different financial apps (51.5%). The Friday wealth management + app itself complies with the ISO / IEC 27001 international asset security standard, and in November it obtained the International Fair third-party service security certification. In order to actively develop financial technologies that are beneficial to the public, the company recently submitted an application to the Financial Regulatory Commission for the operation of the second phase of the "open bank" business with Far Eastern International Bank. It was approved on December 10, becoming the first Taiwan approved third-party service provider (TSP). In the future, it will provide public open API account integration services.
"Friday wealth management +" is authorized by the user to link personal bank account and credit card bill information
Far EasTone telecommunications builds the foundation of open banking on the Friday wealth management + app, uses open API technology to connect customer information with cooperative banks, and provides financial services that better meet the security needs of customers. Moreover, consumer bank accounts and passwords are not retained in the system to effectively control risks. In the future, consumers will be able to connect multiple designated bank accounts through app user authorization, integrate deposit accounts and credit card bills into a single app, and without repeatedly logging into different apps, they can easily manage their asset status through a friendly operating interface, and then select appropriate financial products or banking services through AI recommendation and exclusive bank privileges.
The first wave of Friday wealth management + will join hands with Far Eastern International Bank, and the open financial era will soon begin
The Friday wealth management + app and Far Eastern International Bank have received the approval letter of the second phase of the opening of banks. It is expected that the account integration service of Far Eastern International Bank will be launched for the first time in Q1 next year. In the future, as long as consumers hold the designated products of Far Eastern International Bank, including bank account or credit card bill information, they can directly complete the bank authorized account information online through the Friday wealth management + app, In the "Friday wealth management +" app, revenue and expenditure management, budget allocation, online payment, interest rate query or Etag deposit value can also be implemented. China Trust, Taishin International Bank and other cooperative banks will also be added in succession. Far EasTone Telecom will continue to cultivate financial technology in the future and build a cross Telecom financial ecosystem that conforms to the value of "Inclusive Finance".
