The Financial Supervisor Commission (FSC) is planning to relax regulations on Web-based consumer lending at banks, as the government seeks to create a comprehensive digital banking environment, the commission said yesterday.
Current regulations allow online loan applications, but require banks to adopt stricter identity authentication standards for Web-based applications than for those who apply at a physical branch, the commission said.
The requirements include identification via videoconference or the use of encrypted digital tokens, the commission said.
The new rules would allow banks to use biometric authentication technology, heeding banks’ years-long calls for eased rules, Banking Bureau Deputy Director-General Lin Chih-chi (林志吉) told a videoconference in New Taipei City.
Sanctioned biometric authentication methods would be based on a person’s unique physical traits such as fingerprints, facial features or a retina, and people would have to identify themselves using these features when visiting a physical branch, Lin said.
Authentication would also include questions about regular account activity, including transfers or transactions, Lin said.
The new rules would only apply to consumers who already have a digital savings account at the bank with authentication through a credit card or another bank account, Lin said, adding that at the end of June, 3.3 million people had eligible digital savings accounts.
This type of account is most common at the nation’s two Web-only banks, Rakuten International Commercial Bank Co (樂天國際商銀) and Line Bank Taiwan Ltd (連線商業銀行), Lin said.
The accounts have a limit on individual transfers of NT$10,000, while the daily transfer amount is capped at NT$30,000, the commission said.
Vaccine skeptics blocking transfusions for life-saving surgeries, Facebook groups inciting violence against doctors and a global search for unvaccinated donors — COVID-19 misinformation has bred a so-called “pure blood” movement. The movement spins anti-vaccine narratives focused on unfounded claims that receiving blood from people inoculated against COVID-19 “contaminates” the body. Some have advocated for blood banks that draw from “pure” unvaccinated people, while medics in North America say they have fielded requests from people demanding transfusions from donors who have not received a vaccine. In closed social media groups, vaccine skeptics — who brand themselves as “pure bloods” — promote violence against doctors
‘IT HURTS TOO MUCH’: After talks between Blizzard and NetEase over their contract broke down, servers hosting Blizzard’s games in China were shut down Millions of Chinese gamers have lost access to World of Warcraft after a furious dispute between US title owner Activision Blizzard Inc and NetEase Inc (網易), its longtime local partner in the world’s biggest gaming market. Devotees of the popular game took to social media networks to bemoan the loss, with one posting an image of a failed connection message accompanied by crying emojis. “It really hurts my heart,” one wrote. “It hurts, it hurts too much,” another said. Massively popular worldwide, particularly in the 2000s, World of Warcraft — often abbreviated as WoW — is an online multiplayer role-playing game set in
Asteroid mining start-up AstroForge Inc is planning to launch its first two missions to space this year as it seeks to extract and refine metals from deep space. The first launch, scheduled for April, is to test AstroForge’s technique for refining platinum from a sample of asteroid-like material. The second, planned for October, would scout for an asteroid near Earth to mine. The missions are part of AstroForge’s goal of refining platinum-group metals from asteroids, with the aim of bringing down the cost of mining these metals. It also hopes to reduce the massive amount of carbon emissions that stem from mining
The US Department of Justice (DOJ) on Tuesday accused Alphabet Inc’s Google of abusing its dominance in digital advertising, threatening to dismantle a key business at the heart of one of Silicon Valley’s most successful Internet firms. The US government said Google should be forced to sell its ad manager suite, tackling a business that generated about 12 percent of Google’s revenues in 2021, but also plays a vital role in the search engine and cloud company’s overall sales. “Google has used anticompetitive, exclusionary, and unlawful means to eliminate or severely diminish any threat to its dominance over digital advertising technologies,” the
RSS