02.2021 Group Briefing
Bankee and MAYO Human Capital launched the first HR Fintech ecosystem in Taiwan
Far Eastern International Bank / Chen Yiru
Far Eastern International Bank Bankee community bank has stridden across the HR ecosystem and cooperated with Mayo Dingheng digital technology to launch the first HR fintech ecosystem in Taiwan. It solves three major pain points for enterprises, namely, time-consuming for new employees to register and open accounts, labor-consuming for salary allocation, and trouble in account handling among employees. In addition to optimizing the application process of HR and employee office finance scenarios, SMEs have the opportunity to use cloud HR system and employee welfare integration platform for free for life, and start digital transformation from internal upgrading.
Bankee community bank, in the baas embedded financial mode, cooperates with Mayo Dingheng digital technology to directly embed Mayo's Apollo human resources system to create a "paperless check-in process", which improves the check-in process that originally takes one hour to run a real bank and takes half a day, and shortens it to five minutes to open an account online in the human resources system. Moreover, Bankee enterprise accounts are integrated with the salary settlement function of the HR system, simplifying the four decentralized funding processes into a single process, greatly improving the efficiency of HR operations. Enterprise employees can also use stayfun employee welfare integration platform, which provides more than 10000 special stores, exclusive shopping malls, group buying, registration and payment for various activities and other cash flow transaction scenarios among enterprise employees. Through docking with Bankee community bank, A2A mode is used to quickly process cash flow transactions. These three initiatives redefine human capital financial services, help enterprises improve work efficiency and provide good employee experience.
Lin Jianzhong, executive vice president of Far Eastern International Bank, said: "the more prosperous SMEs are, the stronger Taiwan's competitiveness will be Adhering to the social enterprise responsibility, and giving support to small and medium-sized enterprises, we will help Taiwan's small and medium-sized enterprises upgrade from the inside, improve the efficiency of digital transformation, and focus our time, energy and resources on creating Taiwan's economy. In the recruitment of HR fintech ecosphere enterprises, 100 enterprises have joined in less than three months. This is just the beginning. In the future, there will be thousands and thousands of enterprises to create, share and work together. 」
In order to launch the HR fintech ecosystem project, Far Eastern International Bank specially offered Bankee salary to enterprise NT dollar current deposit project. The maximum interest rate of enterprise living deposit is 0.6%, which is four times of the general salary to living deposit rate. Moreover, the preferential deposit interest of general enterprises is paid once every half a year In the case of salary transfer project, interest is calculated daily and paid monthly. Employees can still enjoy the living deposit rate of 0.6%. As long as two relatives and friends are recommended, the annual interest rate can be upgraded to 2.6%. Employees can develop their own Bankee community circle. Even if they apply for a digital deposit account and successfully share Mayo, they can enjoy a lifelong free scheme.
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