PTSC Chairman, Sean Chen, pointed out that with the rapid growth and development of data and technology in recent years, cloud and financial technology are leading significant changes and innovations. In the fields of payment, lending, investment and risk management, innovations are booming; at the same time, cloud technology has become a key element in the transformation of financial industry leaders, because only by moving to the cloud can they accelerate the collection of big data, build AI models and realize integrated storage, laying a solid foundation for financial innovation.

He revealed that the company has recently assisted the Bank of Taiwan in developing a new generation of mobile banking application platform “Bank of Taiwan Mobile + APP”. In addition to comprehensive process management and humanized application experience, the biggest highlight is that it is paired with IBM’s Enterprise Application Integration (Enterprise Application Integration–EAI) solution, and uses microservices as a service carrier to help traditional banks actively embrace digital innovation.

Riding the wave of financial technology and exploring business growth opportunities

The highlight of this CIO Summit was the “Joint Discussion: Opportunities and Challenges under the Wave of Fintech” hosted by Zhu Youxin, General Manager of IBM Greater China Server Group. The panelists include Deputy General Manager of Xin’an Tokyo Marine Products Insurance Lu Wenquan and Fang Zhenwei, senior associate manager of Shin Kong Financial Holdings.

Zhu Youxin noted that 2023 was an important year for the financial industry, full of opportunities and challenges. He hopes to draw on the rich experience of the two panelists to explain to everyone the true meaning of loosening the financial cloud and incorporating AI into the financial technology blueprint.

Lu Wenquan pointed out that Xin’an Tokyo’s biggest innovation in the past six years is cloud computing. In 2017, he founded the e-commerce sub-brand “Jishibao” to sell broken insurance products. The premiums are often only 100 or 200 yuan, which is not suitable for personal sales. Therefore, it is necessary to use e-commerce platforms and use the cloud; not only does it save the original local terminal maintenance of hundreds of devices, information security and other arduous tasks are carried out, and the powerful scalability of the cloud is used to effectively cope with the unpredictable flow of new services. However, he emphasized that the company did not forget to check compliance and legality before officially going to the cloud. As for information security, he believed that public cloud companies are mostly multinational super groups and have established extremely rigorous information security precautions. Compared with enterprises, Purchasing A, B, C… brand security tools yourself and creating layer-by-layer protection should be more trustworthy.

Fang Zhenwei said that the digital technologies that the financial industry pays attention to are nothing more than A (AI), B (Blockchain), C (Cloud), D (Defense), R (RPA) and other projects. As for how to introduce these technologies, it can be divided into three directions, including cloud and ground integration, information security protection, and on-site verification (DD). In the cloud and land integration part, all account permission management, personal information leakage prevention and data control must be taken into consideration; in the information security part, the focus is on water level control, which must make the attacker feel that it is not worthwhile to attack you, so he will give up the attack; as for DD , the financial industry is required to conduct audits on outsourced institutions according to regulations, but as many as 270 financial institutions each conduct DD, which is obviously unrealistic, and a joint audit model should be considered.