CTBC Financial Holding Co (中信金控) last year clinched 304 awards in domestic and global rankings for finance groups, with subsidiary CTBC Bank (中國信託銀行) netting five “Best Bank in Taiwan” awards from renowned international media outlets: The Banker, Global Finance, Asiamoney, FinanceAsia and Euromoney.
The financial conglomerate was also the only Taiwanese financial institution to receive the “2023 Global Finance Best Consumer Digital Bank” award, securing its leadership in the nation’s banking sector.
CTBC Bank’s performance over the past year continued a tradition of excellence in anti-fraud technology, innovation and finance sustainability.
Photo courtesy of CTBC Bank Co
In collaboration with the National Police Agency, the bank installed the CTBC Smart Anti-Fraud Mule Alert System in 7,000 ATMs nationwide.
The system automatically detects and alerts the police to accounts that engage in suspicious transactions.
Additionally, the bank rolled out the “CTBC Aegis Robot,” a real-time fraud detection system that can perform 10,000 parameter and model computations within 30 milliseconds of a cardholder’s transaction, leading to the interception of NT$1 billion (US$32.23 million) of fraudulent transactions.
These accomplishments led to international accolades including the award for “Best Information Security and Fraud Management in Asia Pacific” from Global Finance.
As part of its digital innovation strategy, the bank last year released the CTBC Bank Payment Facilitating App across iOS and Android operating systems, enabling clients to use cellphones to receive credit card payments. The technology allows small merchants to overcome acquirer limits, while easing the franchising operations of larger businesses.
For this achievement, CTBC Bank won the “Gartner Eye on Innovation Award” for financial services for the Asia-Pacific.
In partnership with JGB Smart Property Co (金箍棒智慧物管), Taiwan’s only cross-country property technology innovation company, the bank additionally created a package of proptech financial services that won recognition from the International Data Corp (IDC) as the” Most Innovative Bank in Asia” last year.
Separately, CTBC Financial Holding’s subsidiary Taiwan Life Insurance Co (台灣人壽) garnered 56 digital innovation prizes including the IDC award for “Asia’s Most Resilient Insurer,” which was awarded for the creation of an artificial intelligence insurance coverage platform that streamlined the insurance claim process.
CHIP RACE: Three years of overbroad export controls drove foreign competitors to pursue their own AI chips, and ‘cost US taxpayers billions of dollars,’ Nvidia said China has figured out the US strategy for allowing it to buy Nvidia Corp’s H200s and is rejecting the artificial intelligence (AI) chip in favor of domestically developed semiconductors, White House AI adviser David Sacks said, citing news reports. US President Donald Trump on Monday said that he would allow shipments of Nvidia’s H200 chips to China, part of an administration effort backed by Sacks to challenge Chinese tech champions such as Huawei Technologies Co (華為) by bringing US competition to their home market. On Friday, Sacks signaled that he was uncertain about whether that approach would work. “They’re rejecting our chips,” Sacks
NATIONAL SECURITY: Intel’s testing of ACM tools despite US government control ‘highlights egregious gaps in US technology protection policies,’ a former official said Chipmaker Intel Corp has tested chipmaking tools this year from a toolmaker with deep roots in China and two overseas units that were targeted by US sanctions, according to two sources with direct knowledge of the matter. Intel, which fended off calls for its CEO’s resignation from US President Donald Trump in August over his alleged ties to China, got the tools from ACM Research Inc, a Fremont, California-based producer of chipmaking equipment. Two of ACM’s units, based in Shanghai and South Korea, were among a number of firms barred last year from receiving US technology over claims they have
It is challenging to build infrastructure in much of Europe. Constrained budgets and polarized politics tend to undermine long-term projects, forcing officials to react to emergencies rather than plan for the future. Not in Austria. Today, the country is to officially open its Koralmbahn tunnel, the 5.9 billion euro (US$6.9 billion) centerpiece of a groundbreaking new railway that will eventually run from Poland’s Baltic coast to the Adriatic Sea, transforming travel within Austria and positioning the Alpine nation at the forefront of logistics in Europe. “It is Austria’s biggest socio-economic experiment in over a century,” said Eric Kirschner, an economist at Graz-based Joanneum
OPTION: Uber said it could provide higher pay for batch trips, if incentives for batching is not removed entirely, as the latter would force it to pass on the costs to consumers Uber Technologies Inc yesterday warned that proposed restrictions on batching orders and minimum wages could prompt a NT$20 delivery fee increase in Taiwan, as lower efficiency would drive up costs. Uber CEO Dara Khosrowshahi made the remarks yesterday during his visit to Taiwan. He is on a multileg trip to the region, which includes stops in South Korea and Japan. His visit coincided the release last month of the Ministry of Labor’s draft bill on the delivery sector, which aims to safeguard delivery workers’ rights and improve their welfare. The ministry set the minimum pay for local food delivery drivers at
RSS