DBS opens fintech R&D in TaiwanStaff writer, with CNASingapore-based DBS Bank Ltd (星展銀行) has opened its third financial technology (fintech) research and development (R&D) center in the world in Taiwan, company executives announced at a news conference yesterday. DBS Bank Taiwan (星展台灣) general manager Lim Him-chuan (林鑫川) said that the COVID-19 pandemic has increased demand for digital financial services, and the bank decided to set up an R&D center in Taiwan to build a lead over its local rivals in fintech development. DBS Bank Taiwan general manager Lim Him-chuan poses at the bank’s Taipei headquarters on May 24, 2018. Photo: Lee Chin-hui, Taipei TimesThe bank’s first fintech R&D center was set up in Singapore, where it is headquartered, and the second was established in India because of that country’s big pool of tech experts, DBS Taiwan technology head Rock Tsai (蔡祈岩) said. If Taiwan hopes to become an international financial hub, it has to cultivate experts in this field, he said.

Source: Taipei Times January 12, 2021 15:56 UTC