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BNA_G2_Fintech, ❗ Intermediary role providing payment processing services,…

- - - - LendingClub: Online lending platform.
        
        Advantages:Addresses shortcomings of traditional credit scoring systems, provides lower interest rates, promotes financial inclusion.
        
        Disadvantages: data reliability risk, default risk.
      - Nova credits: Using non-traditional data to assess creditworthiness.
        
        Advantages: Helps build a credit history for people who don’t have access to traditional credit.
        
        Disadvantages: Controversy over data accuracy and reliability.
  - - - Chime: American online bank.
        
        Disadvantages: High customer acquisition costs and difficulty in making profits.
        
        Advantages: Low operating costs, flexible and agile, improved customer experience, access to untapped markets.
        
        ❗untapped markets:people without bank accounts
        、underbanked
  - - - PayPal: Online payment system.
        
        Advantages: Highly scalable, stable revenue source, low operating costs, integration with other financial services.
        
        Disadvantages: Dependence on bank partnerships, risk management responsibilities.
  - - - Wealthfront: Online wealth management company.
        
        Advantages: low-cost, convenient investment management services.
        
        Disadvantages: The investment strategy may not be suitable for all investors.
  - - - eBay: Online auction and shopping website.
        
        Advantages: Easy to expand, provide diverse products and services.
        
        Disadvantages: Limited control over products and services, potential quality issues.
      - African e-commerce platforms: Jumia, Konga, kilimall, souk.
        
        Advantages: Promote the development of e-commerce in Africa and provide more product choices.
        
        Disadvantages: Logistics, payments and infrastructure challenges.
- - - - Automates reading of documents, increasing efficiency.
      - Reduces the need for physical document handling.
    - - Addresses challenges in recognizing Chinese characters.
      - Improves transaction processing times and reduces costs significantly.
    - - Enhances security through decentralized data management.
      - Streamlines trade finance processes.
  - - - Facilitates integration of various financial services seamlessly.
      - Enhances accessibility for users.
    - - Creates continuous service that blends with everyday life.
      - Provides responsive and human-like interaction.
    - - Tailored financial services based on individual needs.
      - Enhanced user experience driven by data analytics.
  - - - Shift to remote work; rise in online food delivery.
    - - Rapid transition to digital tools for communication and services.
    - - Increased panic and anxiety levels.
  - - - Emphasis on technological strengths in health tracking and information dissemination.
    - - Growth in digital payment systems, allowing for safer transactions.
    - - Quick implementation of health measures.
  - - - Technology improves operational speed and accuracy.
    - - Emphasizes the need for personal interaction despite tech reliance.
      - Aims for technology to free up time for nurturing relationships.
- - - - Internet-only banks
        
        short-term
        
        Bills finance companies
        
        medium-term
        
        Banks
        
        long-term
      - Digital Supervisory Reporting System
      - Supervisory Analysis Portal
        
        1.API technology
        
        Improve the efficiency
        
        2.Visualized dashboard technology
        
        Fully present critical supervisory information
        
        3.Big data
        
        Dentify the risk status of individual bills finance companies
    - - Diversified Digital Identity Authentication Mechanism
      - https://www.ithome.com.tw/news/141028
  - - - :one: TSP Information Disclosure Section
        
        Strengthen the information disclosure of third-party service providers (TSPs) participating in the open banking business
      - :two: Guidelines on Data Sharing among Financial Institutions
        
        Standardize the data sharing mechanism among financial institutions to protect consumer rights and interests
      - :three: Application of JCIC Data by FinTech Industry
        
        Promote the application of online personal credit report inquiry services and enhance consumer financial service experience.
    - - Financial FIDO Alliance
        
        Jointly promote the introduction of FIDO (Fast IDentity Online) mechanism
      - Digital Identity Authentication and Authorization
        
        Promote the application of FIDO mechanisms in financial services
  - - - six major categories of competencies
        
        Business Analysis
        
        UI/UX
        
        Data Analysis
        
        Digital Product Design
        
        Compliance Technology
        
        Digital Marketing
      - The mechanism is carried out through a combination of training and examination
        
        :one: Provide reference standards for financial institutions to recruit technology talents
        
        :two: Provide financial practitioners with a development path for second expertise in financial technology
    - - encourage the various roles covered by the financial ecosystem to function and promote the innovation
  - - - Helps domestic financial industries to keep abreast of the international trends.
    - - “Australian FinTech Ranks 6th in the World in 2021”
    - - Help the international teams to accelerate their overseas market development
- - - - Epidemic accelerates digital transformation
        
        challenge
        
        Focus on convenience, simplicity and affordability
        
        Trust barriers need to be overcome
        
        Industry competition intensifies
      - Huge consumer population base
    - - Inclusivity and trust
        
        More convenient banking services
        
        Promote merchant inclusivity
        
        Government promotes education and support programs
      - digital currency
        
        Reduce transaction fees and facilitate cross-border payments
        
        Southeast Asian countries are actively developing digital currency
        
        Private sector participation in promoting digital currency development
      - financial crime
        
        The booming digital economy brings cyber security threats
        
        Strengthen network security defense
        
        Cross-border cooperation to combat financial crime
      - Digital wallets and booming super apps
        
        Provide more convenience and promote the development of super apps
        
        Super application integrates multiple services
        
        Super app expands B2B payment services
      - Pay rail competition
        
        Unified QR codes and APIs drive interoperability
        
        The rise of the “buy now, pay later” model
        
        Emerging payment rails challenge traditional payment rails
      - Cross-border payment
        
        Establish a real-time cross-border payment network
        
        Intergovernmental cooperation promotes the development of cross-border payments
  - - - Traditional banks
        
        Shared AML data analysis
      - Digital banks
        
        Reporting on sustainable practices
      - Alternative payment methods
        
        Efforts to protect consumer and merchant data
      - Telecoms and retailers
        
        Educational campaigns lower barriers to adoption
      - Other players
        
        Efforts to ensure data security
    - - traditional bank
        
        Leveraging cloud technology and ensuring security
      - digital bank
        
        Efficient interoperability with other payment services
      - Alternative payment methods
        
        Unified infrastructure to support cross-border transactions
      - Telecommunications and retailers
        
        Digitizing B2B payments
      - other participants
        
        Upgrade the system to support new verification methods
    - - traditional bank
        
        Digital-first business models
        
        Investing in real-time payments
      - digital bank
        
        Create a seamless multichannel experience
      - Alternative payment methods
        
        Compromise between customer convenience and network security
      - Telecommunications and retailers
        
        From static QR codes to dynamic QR codes
      - other participants
        
        Cyber-security and fraud combined
    - - traditional bank
        
        Reimagining physical card issuance
        
        Process Utilities
      - digital bank
        
        :red_cross:
      - Alternative payment methods
        
        Enhanced mobile security features
      - Telecommunications and retailers
        
        Support overseas customers who pay in foreign currency
      - other participants
        
        Adjust transaction fees